EDUCATION UGC NET
ENVIRONMENTAL STUDIES
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Un-employee
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Worker/employee
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Families of deceased
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All of the above
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Detailed explanation-1: -Thus social security may provide cash benefits to persons faced with sickness and disability, unemployment, crop failure, loss of the marital partner, maternity, responsibility for the care of young children, or retirement from work.
Detailed explanation-2: -The maximum benefit depends on the age you retire. For example, if you retire at full retirement age in 2023, your maximum benefit would be $3, 627. However, if you retire at age 62 in 2023, your maximum benefit would be $2, 572. If you retire at age 70 in 2023, your maximum benefit would be $4, 555.
Detailed explanation-3: -Social Security provides a foundation of income on which workers can build to plan for their retirement. It also provides valuable social insurance protection to workers who become disabled and to families whose breadwinner dies.
Detailed explanation-4: -The contributions go towards three social security schemes: the mandatory provident fund, a pension scheme and a disability and life insurance.
Detailed explanation-5: -Importance of social security It acts as a buffer against all odds in the time of need. It helps in lifting millions of people out of poverty and thus, raises people’s standard of living. Landmark Judgements that Shaped India (Article + Mind Map) – From Prelims Sureshots!