What is the formal name for Social Security?

What is the formal name for Social Security?

• A. Retirement Age Survivors Disability Insurance
• B. Old Age Survivors Disability Insurance
• C. Advanced Age Survivors Disability Insurance
• D. Qualified Age Survivors Disability Insurance

Answer: (B)

The formal name for Social Security is the Old Age Survivors Disability Insurance program. This title reflects the comprehensive nature of the program, which provides support not only for elderly individuals but also for survivors of deceased workers and those who are disabled. The term "Old Age" refers to benefits provided to retirees, whereas "Survivors" pertains to benefits for dependents of deceased workers, and "Disability Insurance" addresses the needs of individuals who are unable to work due to disability. This title is significant as it encompasses various types of benefits under one umbrella, representing the program's broad reach in providing financial assistance to different groups in the population.

The formal name for Social Security is the Old Age Survivors Disability Insurance program. This title reflects the comprehensive nature of the program, which provides support not only for elderly individuals but also for survivors of deceased workers and those who are disabled. The term "Old Age" refers to benefits provided to retirees, whereas "Survivors" pertains to benefits for dependents of deceased workers, and "Disability Insurance" addresses the needs of individuals who are unable to work due to disability.

This title is significant as it encompasses various types of benefits under one umbrella, representing the program's broad reach in providing financial assistance to different groups in the population.