Question

In: Economics

The New Deal program that mandated that workers and employers pay into a national retirement fund...

The New Deal program that mandated that workers and employers pay into a national retirement fund for retired workers was (and is still) known as:

A.

the Agricultural Adjustment Act

B.

the Social Security Administration

C.

the Federal Deposit Insurance Corporation

D.

the Works Progress Administration

Solutions

Expert Solution

  • The Social Security Administration (SSA) is the organization that oversees and runs the Social Security program in the United States.
  • The benefits administered include social security retirement income and disability income programs, among others.
  • The SSA is also responsible for issuing Social Security numbers, administering benefits, and managing the program's finances and trust fund. Every year it issues a financial report.
  • SSA administers the retirement, survivors, and disabled social insurance programs, which can provide monthly benefits to aged or disabled workers, their spouses and children, and to the survivors of insured workers.

Hence ( B ) part is a correct answer


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