Benefits Of SSS
Benefits of SSS
The Social Security System reaches almost everyone in America and it fundamentally tries to assist the poor, disabled, elderly and unemployed Americans. It is an across-the-board kind of system, providing many kinds of benefits. From disability to retirement benefits, SSS acts like insurance for individuals encountering hard financial conditions.
1. Disability benefits
For those who are unable to work because of either a mental or physical ailment that is anticipated to last for a whole year or lead to death, then you might be eligible to receive the SSS disability benefits. Individuals with disabilities, which include children, who have few resources and low income, also might receive considerable disability payments in accordance with the SSI program. If you unluckily become disabled, make certain to file for these disability benefits quickly since it normally takes some time process disability claims.
2. Survivors benefits
If you die, then your family might be entitled to survivor benefits based on the kind of work you did. The family members that can collect these benefits include a widower or widow who is 50 or 60 years older. SSS also provides survivor benefits to children of the deceased if they are not married and younger than 19 years old. In addition, parents are also entitled to SSS survivor benefits only if they were relying on the deceased child for most of their sustenance.
3. Retirement benefits
The largest amounts of beneficiaries of the Social Security System are people in retirement. For most of these people, SSS retirement benefits make a huge fraction of their earnings once they stop working. These retirement payments are based on lifetime earnings and they help the retirees to lead comfortable lives.
The Social Security System is highly useful in the current society. Actually, it assists many Americans with disabilities and also the elderly to live happy lives.
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Written by : Harri Daniel and updated on July 13, 2011