According to Money.cnn.com:
A financial safety net for older Americans, Social Security was established in 1935 by the Social Security Act. Before that, support for the elderly wasn't a federal concern - it mostly fell to states, towns and, of course, families.
The
program is based on contributions that workers make into the system.
While you're employed, you pay into Social Security; you receive
benefits later on, when it's your turn to retire. Contributions take the
form of the Federal Insurance Contributions Act (FICA) taxes that are
withheld from most paychecks.
Medicare benefits are commonly considered part of Social Security benefits, although technically Medicare is a separate program.
Medicare contributions are withheld from your paycheck in much the same
way as your Social Security contributions; FICA taxes support Social
Security and Medicare.
For more information from CNN click here: How Does Social Security Work?
Showing posts with label meijer. Show all posts
Showing posts with label meijer. Show all posts
Saturday, May 4, 2013
Friday, March 29, 2013
Am I eligible to keep and use my Meijer team appreciation card after retirement?
You are able to use your team appreciation card if you are a retiree and:
- An active team member, age 55 or older with 10 years of continuous service, or
- An active team member, age 65 or older with 5 years of continuous service, or
- A disabled team member, age 40 or older with 10 years of continuous service
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