Social Security Systems
Social Security Systems are government programs designed to provide financial support to individuals during retirement, disability, or in the event of a deceased family member. These systems typically collect funds through payroll taxes, which are then redistributed to eligible beneficiaries. The primary goal is to ensure a basic level of income for those who may not be able to work or support themselves.
In many countries, such as the United States, the Social Security Administration manages these programs. Benefits can vary based on factors like work history and earnings, helping to reduce poverty and provide economic stability for retirees and disabled individuals.