Understanding Social Security Benefits

The video tutorial provides an overview of the Social Security Act, its history, and its evolution. It explains the benefits of the act, including unemployment compensation and old age pensions, and how it expanded under President Truman in 1950. The tutorial details eligibility criteria, contribution processes, and the role of field offices. It covers the inclusion of various job types, such as farm and household workers, and emphasizes the importance of employer cooperation. The centralized record-keeping system in Baltimore is highlighted, along with the process for benefit payments and filing claims.

What was one of the primary benefits introduced by the Social Security Act of 1935?

• Free healthcare for all citizens

• Unemployment compensation

• Free education for children

• Tax exemptions for businesses

Who signed the 1950 amendment to the Social Security Act?

• Franklin D. Roosevelt

• Dwight D. Eisenhower

• Harry S. Truman

• John F. Kennedy

How long must you work to be insured for life under the Social Security Act?

• 15 years

• 10 years

• 5 years

• 20 years

What percentage of your earnings is deducted for Social Security contributions?

• 1%

• 2.5%

• 2%

• 1.5%

Who is covered by the Social Security Act?

• Only government employees

• Only self-employed individuals

• Most people who work for themselves or others

• Only people over 65

What is the role of Social Security field offices?

• To manage healthcare services

• To offer free legal advice

• To assist individuals with their benefits

• To provide loans to businesses

Where are the headquarters of the Social Security administration located?

• Washington, D.C.

• New York, NY

• Chicago, IL

• Baltimore, MD

What ensures the confidentiality of personal records in the Social Security system?

• Voluntary disclosure

• Open data policies

• Strict legal requirements

• Public access to records

What is the maximum monthly benefit a family can receive from Social Security?

• $200

• $150

• $100

• $250

What must individuals do to start receiving Social Security benefits?

• Enroll in a government program

• Wait until they are contacted

• File a claim for benefit payments

• Submit a tax return