Course titleStudent nameInstitution affiliation2Social SecuritySocial security is a self-supporting federal program that was implemented to assistemployees after their retirement. Social security program provides retirement benefits toemployees who reached their retirement age. The benefits are calculated from the number ofyears one worked and the amount he or she earned all through the employment period. Theretirement benefits are offered to the retired employees or, at times, their spouses and childrendepending on one's earning records ("Social Security Plays a role in Retirement Planning,"2019). The benefits also extend to ex-spouses; for instance, if the marriage lasted for at least tenyears and the spouse has not remarried. Social security also provides Medicaid services for thosewho have reached their retirement age.There is a strong relationship between FICA, ERISA, and Social Security. These are allfederal programs that were implemented to protect and help employees who have reached theirretirement age. Federal Insurance Contribution Act (FICA) is a social security tax and Medicaretax that makes up the most funding for social security services ("U.S. Depa ...
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