A Closer Look Into US social security

Social Security is a social insurance program. The United States Social Security program provides benefits for retirement, disability, and death. There has been a great deal of public discussion recently, largely spawned from President Bush’s 2005 State of the Union address, when he said that “on its current path, [Social Security] is headed toward bankruptcy… by 2042 the entire system would be exhausted and bankrupt” (C-SPAN, 2005). This essay examines that statement from an economic perspective and analyzes some of the highly publicized proposed solutions. While historical aspects of the program will be mentioned peripherally, “Social Security” within this context refers to only the defined-benefit pension plan, with a specific focus on the retirement benefits. Kindly visit US social security to find more information.

Lost your Social Security card, or was it stolen? If so, Social Security will replace it for free, but you are limited to three replacement cards in a year and 10 during your lifetime. Legal name changes and other exceptions do not count toward these limits. For example, changes in immigration status that require card updates may not count toward these limits. Also, you may not be affected by these limits if you can prove you need the card to prevent a significant hardship. In order to get a replacement card you must complete an Application for a Social Security Card (Form SS-5) and have documents that prove you are a U.S. citizen. You will also need documents proving that you possess U.S. citizenship and to prove you’re identity. This information must then be taken to your local Social Security office.

Citizenship

Only certain documents as proof of U.S. citizenship will be accepted. These include a U.S. birth certificate, U.S. consular report of birth, U.S. passport, Certificate of Naturalization or Certificate of Citizenship.

Identity

Social Security will accept only certain documents as proof of identity. An acceptable document showing your identity must be current (not expired) and show your name, identifying information (date of birth or age) and preferably a recent photograph. For example, as proof of identity, Social Security must see you’re: U.S. driver’s license, State-issued nondriver identification card; or U.S. passport.

If you do not have one of these specific documents or you cannot get a replacement for one of them within 10 days, Social Security will ask to see other documents, including: Employee ID card, School ID card, Health insurance card (not a Medicare card), U.S. military ID card; or Adoption decree. One document may be used for two purposes. For example, you’re U.S. passport could be used as a proof of both citizenship and identity.

Note: All documents must be either originals or copies certified by the issuing agency. Social Security cannot accept photocopies or notarized copies of documents. Your card will be mailed to you as soon as all of your information has been accepted and you’re documents verified. The replacement card will have the same name and number as your previous card. Keep your Social Security card in a safe place. It is an important document. Do not carry it with you.