Topic: Home > Benefits > Retirement > Social Security
Out of all the benefits that a worker can receive, social security is the only one that is guaranteed by law to any legal citizen who works. As a sort of federal run government insurance company, employees and employers must pay into the system from contributions based upon the amount of compensation that the employee receives. Once the individual reaches retirement age, he or she is then eligible for the social security benefits that come in the form of a monthly disbursement from the federal government, guaranteed to keep for quite a while. Often, however, the benefits do not add up to the amount needed to sustain an elderly individual – or couple – in all of life’s basic needs. That is why it is important for a company committed to the best talent to offer pension and retirement savings plans that go far beyond the payout offered by social security. There are countless ways to go about designing a plan that attracts the most qualified employees, ranging from Roth IRA’s to profit sharing. For whichever plan is chosen it’s clear that where the government leaves off, the employer can start in on offering the prospective talent the golden years that old age promises.
SSI In Vermont This is an official web site of the Social Security Administration. The document is SSA Publication No. 05-1@ http://www.socialsecurity.gov/pubs/11128.htm
SSI In Rhode Island This is an official web site of the Social Security Administration. The document is SSA Publication No. 05-11164 http://www.socialsecurity.gov/pubs/11164.htm
SSI In Pennsylvania This is an official web site of the Social Security Administration. The document is SSA Publication No. 05-11150 http://www.socialsecurity.gov/pubs/11150.htm
SSI In Massachusetts This is an official web site of the Social Security Administration. The document is SSA Publication No. 05-11130 http://www.socialsecurity.gov/pubs/11130.htm
