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Which of the following benefits is covered under social security schemes
Retirement benefit
Compensation facilities
Medical facilities
All of the above
- Option 1: Retirement benefit
- Social Security primarily provides retirement benefits. Workers contribute through payroll taxes, and upon reaching retirement age, they receive monthly payments.
- Option 2: Compensation facilities
- This term typically refers to workers' compensation, which is different from Social Security. However, disability benefits from Social Security can be considered a form of support similar to compensation.
- Option 3: Medical facilities
- Social Security includes Medicare, which is a federal health insurance program for people 65 and older or certain younger people with disabilities.
- Option 4: All of the above
- Given the diverse benefits covered, this option encapsulates the previous points effectively as Social Security touches on all these areas.
By: Subhash Singh ProfileResourcesReport error
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