The purpose of the Social Security retirement program is to:
A)ensure retirement income equal to 75 percent of preretirement income.
B)pay for health care costs.
C)replace defunct pension fund plans.
D)provide a basic and adequate income to eligible retirees.
E)levy tax on the retirement funds of federal civilian employees.

Question

Quizplus · Accepted Answer

The purpose of the Social Security retirement program is to provide a basic and adequate income to eligible retirees. It is designed to replace a portion of an individual's income lost due to retirement and is based on the average earnings of the individual. It is not meant to pay for health care costs, replace defunct pension fund plans, or levy tax on retirement funds of federal civilian employees. While the program may provide up to 75 percent of pre-retirement income for some individuals, it is not the primary purpose of the program.

The Purpose of the Social Security Retirement Program Is To