Social Security Number Search

Is it true that the Social Security system is in serious trouble and must be repaired? As baby boomers begin to retire, will they inevitably, by force of their sheer numbers, bankrupt the system? Is Social Security a big Ponzi scheme that will leave future generations with little to show for their lifetime of contributions? Is the only way to solve the Social Security crisis through radical changes like privatization or bolstering it with massive new taxes? According to the authors of this important new study, the answer to these questions is a resounding no. In Social Security: The Phony Crisis, economists Dean Baker and Mark Weisbrot argue that there is no economic, demographic, or actuarial basis for the widespread belief that the program needs to be fixed. As the authors emphasize, there is virtually no disagreement about the facts of Social Security's finances, or even the projections for its future. Rather, the Social Security debate has been foundering on misconceptions, confusion, and lack of agreement on the meaning of crucial terms. The authors also take on related issues: that privatization would help save Social Security, that America has a pressing need to increase its national savings, and that future generations will suffer from the costs -- especially for health care -- of supporting a growing elderly population. As New York Times columnist Fred Brock recently wrote, "So-called reform of the Social Security system is looking more and more like a solution in search of a problem." In this accessible and insightful work, Baker and Weisbrot seek to cut through some of the myths and fallacies surrounding this crucial policy issue.

Since World War II, Social Security and employer-based pension plans have become the foundations of an economic security that enables older Americans to retire with dignity and financial independence. Social insurance and tax-advantaged retirement benefits currently face a number of challenges, however. The coming retirement of the baby boomers will swell the ranks of the retired, which are estimated to double by 2020, straining the Social Security and Medicare programs. Employers are struggling to keep their pension funds afloat, while fewer and fewer companies are offering traditional pension plans. And Americans are living longer than ever before, which means they draw benefits longer, taxing the system. In Search of Retirement Security considers these challenges and provides fresh perspectives on the changing responsibilities of individuals, employers, and government in ensuring that retirees maintain a reasonable standard of living.

Employer identification number - An Employer Identification Number or EIN is the corporate equivalent to a SSN (Social Security Number), although it is issued to anyone, including individuals, who will have to pay withholding taxes on employees.

Social Security Trust Fund - The Social Security Trust Fund is the United States federal government's means of accounting for workers' and employers' paid-in contributions to the Social Security system and benefits paid out to retired or disabled workers or their survivors, as well as administrative expenses. Contributions that are in excess of current payments to beneficiaries the amount not yet needed for Social Security purposes, is invested in securities issued by the government; those securities constitute the assets of the Trust Fund.

Social Security debate (United States) - This article concerns proposals to change the Social Security system in the United States. Social Security is a social insurance program funded through a dedicated Insurance program (OASDI), in reference to its three components.

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