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 How do Social Security numbers work?

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elyn
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PostSubject: How do Social Security numbers work?   Wed Feb 25 2009, 18:31

How do Social Security numbers work?


A Social Security Number (SSN) is a unique, nine-digit number assigned to an
individual upon application to the Social Security Administration.


All U.S. citizens over the age of 18, who receive an income, must have a SSN, according to the U.S. Internal Revenue Service (IRS).

In 1943, an executive order required that federal agencies use the SSN in their new record-keeping systems. The IRS further requires that all employers use
the employee's SSN, or Taxpayer I.D. Number (TIN), to report his
earnings to them.


A SSN fingerprints a person for his lifetime, and goes with him to the grave.
As each SSN is unique, the number's initial record-keeping role for the
worker and the government to track Social Security entitlements,
broadened.


Private entities, such as hospitals, banks, and brokerage firms realized the
vast benefits of the SSN as a personal identifier, and adopted it as a
form of positive identification.


The nine-digits of the SSN are divided into three parts, each separated by
a hyphen. The first three digits, the area numbers, are based upon the
zip code in the applicant's mailing address on the original application
form. The second two numbers are the group numbers, ranging from 01 to
99, which serve to break the SSNs with the same area numbers into more
manageable blocks. The final four digits of the SSN, the serial
numbers, run consecutively from 0001 to 9999 within each group
designation.


The SSN is the cornerstone of the U.S. Social Security system, which legislators established through the Social Security Act of 1935 as part of
President Roosevelt's New Deal. The underlying goal of the system is to
provide old age, disability, and survivors insurance, as well as
supplemental security income, which provides an income for elderly or
disabled people. It is mandatory that employers, employees, and the
self-employed pay Social Security taxes into a vast pool of funds,
which is held in a special trust. Upon a major life event, each
receives his share of benefits, according to the amount he has paid
into the fund, up to a certain amount, and also according to his need.
Technically, Social Security pays higher benefits to those with lower
incomes and those in need, than to those of substantial means. Ideally,
taxes paid into the Social Security system by employers and employees
today, fund the benefits being drawn upon by those eligible today.
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halipar0t
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PostSubject: Re: How do Social Security numbers work?   Thu Dec 24 2009, 10:23

yan din ba ang basis ng SSS dito sa pilipinas sa paggawa ng SSS number?
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Jhoanna
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PostSubject: Re: How do Social Security numbers work?   Sat Dec 26 2009, 18:55

ako natatakot ako sa mga electronic number... kasi isang pindot lang yan! u kidding me

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RINGO STARR
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PostSubject: Re: How do Social Security numbers work?   Mon Feb 08 2010, 17:44

maganda naman ang SSS sa states kasi pwede mong ma withdraw ...
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raven
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PostSubject: Re: How do Social Security numbers work?   Fri Oct 21 2011, 16:20

RINGO STARR wrote:
maganda naman ang SSS sa states kasi pwede mong ma withdraw ...

totoo yan sir di katulad sa ating bansa heheh nakukurakot ang sarili mong inipon..

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