Social Security Administration
In 1935, Social Security was designed as a program to provide a safety net for those who are disabled and as supplemental retirement income. When it was first introduced, it was designed based upon the total amount of individual earnings during their career. As time went by, the program was expanded to include spouses, the children of those who are deceased and the disabled. These transformations meant that Social Security was no longer linked exclusively to an individual's lifetime earnings. Instead, it became focused on other factors such as marriage or permanent disabilities. This paper focuses on what is happening and it troubleshoots critical challenges.
Summarize the key issues confronting your selected organization after conducting and writing your situational assessment. Be sure to discuss the extent to which you think the organization is facing a "dire situation" or a "stable, unchanging situation."
The situation with Social Security is showing how a new approach needs to be taken to deal with the long-term issues impacting the system. One of the most obvious is to raise the age of retirement and eligibility standards. Since its inception, Social Security has traditionally supported a retirement age of 65 years old. However, over the last few decades more people are living longer and can spend more time working. At the same time, they are receiving benefits from their employers through 401Ks, 403Bs, 457 plans and IRAs. The combination of these factors is designed to provide them with added amounts of income. (Poterba, 2014)
Moreover, the fact that more people are living longer, with the average life expectancy sitting...
This is indicating how they can work more and contribute to the system. At the same time, advancements in technology could enable them to perform tasks which may not be as physically demanding. If the retirement age was raised, this would reduce the total amounts of demand for Social Security benefits. (Poterba, 2014)
This is combined with the way benefits are calculated. In the case of survivor benefits, there are inconsistencies in how they are applied. This is because of increases in the total number divorces. This entitles spouses, who were married 10 years, to receive a percentage of their benefits. If they remarry, there is a possibility the second spouse and beyond could receive additional benefits. This is provided that they meet the 10-year standard. These discrepancies are problematic, as they will pay several different people the same forms of compensation, in spite of the fact they are no longer married ("Spouse and Survivor Benefits," 2011)
Chapter 5 in Business of Government discusses the importance of understanding an organization's "main thing." Based on your review of the examples presented in the chapter, what is the "main thing" of the organization that you are reviewing and how well do you think the organization is positioned to be successful at that "main thing?" Explain your rationale.
The "main thing" impacting Social Security are several different factors which will negatively effecting its solvency. The most notable include: actuaries are using standards that were developed decades ago, people are living longer and survivors are receiving more benefits than they should. The organization is not positioned to be successful by embracing the concepts that were utilized in the past. As it does not take into account changes in mortality rates, the number of recipients and how…
Social Security Administration (SSA) is an agency of the federal government of the United States charged with administering the Social Security. The Social Security is a social insurance program that consists of retirement, disability, and survivors benefits. For a person to qualify for the program benefits, they must remit Social Security taxes. The employees' contributions determine all benefits. The SSA was established in August 14, 1935 as the Social Security
This program was the SSA's initial responsibility and remains its largest single one, consuming 44% of the effort of its workforce. The Social Security Administration understands that it is fraught with faults. Its culpability is clear and the agency admits that it "did not do as good a job as we should have" when it came to monitoring SSI funds. In 1994 Commissioner Chater in her testimony before Congress acknowledged
Social Security Administration Strategic Plan Social Security Administration Written below is a prelude to Social Security Administration strategy plan. The prelude consists of size, history, location, reason for creation, core areas explored and other relevant roles. The plan is basically aimed at working along with examples taken from federal agencies and to assess the analytical thinking skills of students as well. Size/Locations: At present, what is the size of the organization? At present, it
Strategic Plan for the Social Security Administration social security administration is an institution created with the aim of ensuring that workers have a secure future when they retire. The organization pools funds from the people through the check-off system where the employees and other citizens are deducted some amount from their salary automatically. The practice was adopted when it was realized that some people encountered some problems when remitting the money.
115). Congress certainly has the sole right to enact the legislation with which administrative agencies must comply. Moreover, the Congress has an oversight function, and it can and does react when people respond negatively to administrative actions, as occurred in the SSI and disability review examples (Derthick, p.153). Of course, the Court system is the major overseer in the United States. Derthick maintains that courts and administrative agencies perform sufficiently
Social Security was instituted with the passage of the Social Security Act of 1935. It was signed into law by President Roosevelt as a means of providing a social safety net for retirees. The passage of Social Security occurred during the depths of the Great Depression. Prior to this, the concept of social security did not exist in the U.S. -- you either worked until you died, or you retired