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  2. Social Security System (Philippines) - Wikipedia

    en.wikipedia.org/wiki/Social_Security_System...

    Website. www .sss .gov .ph. The Social Security System ( SSS; Filipino: Paseguruhan ng Kapanatagang Panlipunan) is a state-run, social insurance program in the Philippines to workers in the private, professional and informal sectors. SSS is established by virtue of Republic Act No. 1161, better known as the Social Security Act of 1954.

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  4. Social Security (United States) - Wikipedia

    en.wikipedia.org/wiki/Social_Security_(United...

    In the United States, Social Security is the commonly used term for the federal Old-Age, Survivors, and Disability Insurance ( OASDI) program and is administered by the Social Security Administration (SSA). [1] The Social Security Act was passed in 1935, [2] and the existing version of the Act, as amended, [3] encompasses several social welfare ...

  5. Social Security Administration - Wikipedia

    en.wikipedia.org/wiki/Social_Security_Administration

    The United States Social Security Administration ( SSA) [2] is an independent agency of the U.S. federal government that administers Social Security, a social insurance program consisting of retirement, disability and survivor benefits. To qualify for most of these benefits, most workers pay Social Security taxes on their earnings; the claimant ...

  6. Social Security is not enough: How to set up alternative ...

    www.aol.com/finance/social-security-not-enough...

    The 401(k) is an employer-sponsored account that allows you to invest in potentially high-return assets such as stocks and stock funds. With a 401(k) you’ll avoid taxes on any earnings while the ...

  7. How Social Security benefits are calculated - AOL

    www.aol.com/finance/social-security-benefits...

    Here are the bend points for calculating a worker’s benefits in 2024. The benefit is the sum of the following elements: 90 percent of the first $1,174 of averaged indexed monthly earnings. 32 ...

  8. Federal Insurance Contributions Act - Wikipedia

    en.wikipedia.org/wiki/Federal_Insurance...

    The Federal Insurance Contributions Act is a tax mechanism codified in Title 26, Subtitle C, Chapter 21 of the United States Code. [3] Social security benefits include old-age, survivors, and disability insurance (OASDI); Medicare provides hospital insurance benefits for the elderly. The amount that one pays in payroll taxes throughout one's ...

  9. Social Security Wage Base - Wikipedia

    en.wikipedia.org/wiki/Social_Security_Wage_Base

    It is also the maximum amount of covered wages that are taken into account when average earnings are calculated in order to determine a worker's Social Security benefit . In 2020, the Social Security Wage Base was $137,700 and in 2021 was $142,800; the Social Security tax rate was 6.20% paid by the employee and 6.20% paid by the employer.