The employee must have worked in a Social Security-eligible position for at least 60 quarters, or 15 years, not all of which must be consecutive.
The federal government is in charge of the Social Security program. In order to give benefits to those who qualify, the programme uses taxes that are put into a trust fund. When you apply for a job, you must have a Social Security number.
To meet the material necessities of people and families; To shield the elderly and the disabled from the costs of illnesses that may otherwise deplete their funds; To keep families together; and to offer kids the chance to grow up in safety and health.
The increase will have an impact on how retirement benefits, disability benefits, and Supplemental Security Income are paid under Social Security.
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