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Welfare regime of workers in the US

Written by Jimmy Rustling

Is the American welfare and social security regime an attractive part for immigrants? I personally think so. With policies to protect workers, unemployment benefits, the civilized retirement regime from the US Government creates a sense of security and protection in the aging of most US citizens. Young people, they poured their minds and labor to contribute to the country, they will get the results when they get old without having to rely on other financial resources. Older people in the United States can enjoy peace of life in one of the countries with a high standard of living in the world. That contributes to the reason why Americans can be assured of labor and devote all their ability to create a strong US economy. Alvine Weidenaar, LLP / attorneys

Labor standards

Economists attribute some of America’s economic success to the flexibility of its labor market. Employers say their competitiveness depends in part on the freedom to hire and reinstate workers when market conditions change. Meanwhile, traditional American workers often move by themselves; Many people see changing jobs as a way to improve their lives. On the contrary, employers often admit that workers are more productive if they believe their job offers them long-term opportunities for progress, and workers consider job security. is one of their most important economic goals.

• The Fair Labor Standards Act of 1938 sets the minimum wage and the maximum number of working hours nationwide that an individual may be required to work. The law also sets rules for overtime pay and standards to avoid child labor abuse. In 1963, this law was amended to prohibit wage discrimination against women. Congress adjusts the minimum wage periodically, although this issue is often controversial politically. In 1999, the minimum wage was $ 5.15 an hour, although at this time the demand for workers was so great that many employers – including low-skilled employers – were paying The salary is higher than the minimum wage. Some states have higher individual floor rates.

• The 1964 Civil Rights Act was enacted so that employers could not discriminate on hiring or recruiting workers on the basis of race, gender, religion and ethnic origin (this law It is also prohibited to discriminate in elections and to rent houses.)

• The Age Employment and Discrimination Act of 1967 protects elderly workers from workplace discrimination.

• The Occupational Health and Safety Act of 1971 requires employers to maintain safe working conditions. According to this law, the Department of Occupational Health and Safety (OSHA) sets workplace standards, investigates to assess compliance with those standards, and provides forms of praise and fines for cases. do not comply.

• The Employee Retirement Income Guarantee Act, or ERISA, sets the standards for pension plans developed by businesses or other non-state organizations. It was adopted in 1974.

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• The 1993 Sick Leave and Family Care Act guarantees workers’ benefits during unpaid leave due to childbirth, child care, or care for seriously ill family members.

• The Americans with Disabilities Act, passed in 1990, guarantees the right to work for people with disabilities.

Retirement and unemployment insurance

In the United States, employers play a key role in helping workers save for retirement. About half of all workers are employed by the private sector and most public employees are provided by some type of pension scheme. Employers are not required to sponsor pensions, but the government encourages them to do so with large tax breaks if they organize and contribute workers’ pensions.

The federal government’s tax authority, the Department of Internal Revenue, sets out most of the rules governing superannuation plans, and a Department of Labor office regulates these plans to avoid abuse. . Another federal agency, the Company guarantees pensions, benefit insurance for retirees in traditional private pension funds; a series of laws were implemented in the 1980s and 1990s to raise payments for this type of insurance and insist that employers are responsible for maintaining their financially sound plans. .

The federal government offers several types of pension plans for its employees, including employees of military and civil servants as well as disabled veterans. But the most important government-controlled pension system is the Social Security program that provides full retirement benefits for retired workers and those who are age 65 or older, or pension benefits. There are reductions for retirees and pensioners between the ages of 62 and 65. Although the program is run by a federal agency, the Social Security Administration, its fund comes from employers. employees and employees through payroll taxes. While Social Security is considered a valuable “safety net” for retirees, many believe it only provides part of their income needs when they retire.

Many people – generally those who are self-employed, or people whose employers do not provide super, and who think their retirement plan is inappropriate – may also make it worse. save some of your income on special tax-privileged accounts called Individual Retirement Accounts (IRAs) and Keogh plans.

Unlike Social Security, unemployment insurance – a program created by the Social Security Act of 1935, is organized as a federal – state system to provide basic income assistance. copy for unemployed workers. Salary employees who are laid off or due to some cause become involuntary unemployment (not due to misconduct) receive a part of the wage compensation for a specified period of time.

Each state conducts its own program but must follow certain federal regulations. The amount and duration of weekly unemployment benefits are based on the employee’s previous wage and length of work. Employers pay taxes into a special fund based on the number of unemployed and their experience paying wages – benefits to their own workforce. The federal government also sets its own unemployment insurance tax rates for employers.

The states hope that surplus funds during the prosperous period can cover the economic downturn, but they can also borrow money from the federal government or raise the tax rate if the funds of they decline. States must extend the period of benefits when unemployment rises and remains above a set “threshold”. The federal government may also allow extended periods of payment of benefits if unemployment increases during a period of economic slowdown, the payment for this increase is from federal income or a tax. Particularly applicable to employers. Whether or not to increase unemployment benefits often becomes a political issue as any increase in government spending can lead to tax increases.

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About the author

Jimmy Rustling

Born at an early age, Jimmy Rustling has found solace and comfort knowing that his humble actions have made this multiverse a better place for every man, woman and child ever known to exist. Dr. Jimmy Rustling has won many awards for excellence in writing including fourteen Peabody awards and a handful of Pulitzer Prizes. When Jimmies are not being Rustled the kind Dr. enjoys being an amazing husband to his beautiful, soulmate; Anastasia, a Russian mail order bride of almost 2 months. Dr. Rustling also spends 12-15 hours each day teaching their adopted 8-year-old Syrian refugee daughter how to read and write.