Social security was developed by governments to assist a section of its citizens struggling with finances more so those with inadequate or no income to get financial assistance.
Social security mainly targets children, the elderly, the sick and the unemployed who are struggling in meeting their daily needs by offering assistance. The organizations provide assistance in form of shelter and food as well as promoting their health and well-being more so to segment of the society such as children, the elderly, the sick and the unemployed.
The following are some of the traditional contingencies covered by social security, these include responsibility for the maintenance of children, suspension of earnings due to pregnancy and confinement and their consequences. The other contingencies include suspension of earnings due to an inability to obtain suitable employment for protected persons who are capable of, and available for work, suspension of earnings due to an incapacity for work resulting from a morbid condition, permanent or persistent inability to engage in any gainful activity, treatment of any morbid condition including pregnancy, as well as loss of support suffered by a widowed individual or child as the result of the death of the provider.
For one to receive social security benefits, they must enroll to one of the following basic categories based upon the record of their earnings, these include retirement, disability, dependents, and survivors benefits.
It is vital for people to enroll to retirement benefits program under social security if they want to get assistance once they retire from work. Employees of covered employment who serve the companies for sufficient number of years and who retired at the age of sixty-two are eligible for retirement benefits. Besides, a candidate may start getting retirement benefits at any time after they have reached age sixty-two. In the event that you want to start claiming the benefits before you reach the full retirement age, your benefits will be reduced by a particular percentage.
In addition, citizens of a country are guaranteed of getting disability benefits. It is worth noting that disability benefits is for those who met the work requirements and are considered disabled under the Social Security program’s medical guideline.
The other type of benefits under social security that citizens of a country can be assured of enjoying is dependents benefits. Dependents benefits was meant for people who as spouse of a retired or disabled worker who qualifies for Social Security retirement or disability benefits. Your minors and disabled children are also entitled to dependents benefits.
In the event that you are the surviving spouse of a worker who qualified for Social Security retirement or disability benefits, you and your minor or disabled children may be entitled to benefits. The beneficiaries of the program qualify for the benefits based on their deceased spouse’s earnings record.