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14 Cards in this Set
- Front
- Back
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Important changes to social security act of 1935
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Signed in 1935
1939 legislation established benefits for survivors and dependents Married to spouse for 10 years you can get survivors and payments 2000 Eliminated earnings test for those over age 65 |
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Funded by regressive (flat) tax:
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Everyone gets taxed the same percentage
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Pay as you go
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Pay now but it is payed out to who needs it (current way)
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Pre-Funding
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Pay into your own SS and receive at age/ option for SS
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Privatization
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Somewhere other than trust fund, Invest your own money
Pay into SS and let govt. put into stock market |
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Women and Social Security
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Marriage - Spouse benefit is 50% of workers
Divroce - Married 10yrs able to get payments Widowhood- Survivors |
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Possible Solutions: Earning Sharing
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Couple earns certain amount
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Possible Solutions: Double Decker
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Everyone gets same amount of pay 1st deck
People get pay based on income 2nd deck |
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Retirement Questions
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1) Is retirement a wise choice for specific individual?
2) Is systematic practice of retirement good for security |
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History of Retirement
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Exist more today becuase of SS but has always existed
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Retirement Today
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Can you afford it
What is spouse doing health status Attracitvness of workplace |
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Gender Issues in Retirement: Planning and Timing
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Men start planning earlier; Both men and women retire earlier then they expected; men retire earlier than women
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Gender Issues in Retirement: Transition and Marital Quality
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First 18 months to 2 years can be rough when one retires; rougher when he retires and she does not
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Gender Issues in Retirement: Partners or Retirement Quality
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Health money planning will make retirement happier
Women are happier Men are happier with low work role Going back to work for money makes less happy |
