Old-Age, Survivors, and Disability Insurance (OASDI) Program, Old-Age, Survivors, and Disability Insurance (OASDI), 8 Types of Americans Who Won't Get Social Security, The New Social Security Rules for Spouses, Children of retirees can also receive benefits until they turn 18, youngest baby boomers begin to collect Social Security, Congress will need to find ways to plug the gap, Social Insurance Programs: Program Principles: No Means Test, Your Retirement Benefit: How It’s Figured, Benefits Planner: Survivors - If You Are the Survivor, Historical Background And Development Of Social Security. The mission of the SSS/DSS is to protect and defend the Federal Republic of Nigeria against domestic threats, to uphold and enforce the criminal laws of Nigeria, and to provide leadership and criminal justice services to both federal and state law-enforcement organs. A payroll tax is a percentage withheld from an employee's salary and paid to a government to fund public programs. Accessed April 24, 2020. Accessed April 24, 2020. Social Security Administration. "Benefits for Children." A surviving spouse who is caring for a child who is younger than 16 or is disabled may be eligible for these benefits too., For children to receive benefits, they must generally be younger than 18 or disabled. Add your answer and earn points. Page 1. Social Security is the term used for the Old-Age, Survivors, and Disability Insurance (OASDI) program in the United States, run by the Social Security Administration (SSA), which is a federal agency. Chain Store Sales: An indicator that provides information on the monthly sales volumes from chain stores. Chain store sales, released on the first Thursday of … Definition; SSS: Selective Service System (US government) SSS: Side Side Side (geometry) SSS: Student Support Services: SSS: Sunshine State Standards (Florida) SSS: Social Security System (Philippines) SSS: Shadow Security Scanner: SSS: Small Sample Size (biometrics) SSS: Socket Set Screw (fastener) SSS: Stainless Steel Sink: SSS The money that is not spent remains in the trust funds., A Board of Trustees oversees the financial operation of the two Social Security trust funds. Social Security Administration. "Delayed Retirement Credits." The program started in 1935 with the signing of the Social Security Act, which was an effort to provide a safety net for the millions of people who had suffered through the Great Depression. These include white papers, government data, original reporting, and interviews with industry experts. Same-store sales statistics provide a performance comparison for the established stores of a retail chain over a given time period, such as a fiscal year or quarter or a calendar year or quarter, comparing revenues for the current period to the same period in the past, for example, comparing first-quarter 2016 revenues to first-quarter 2015 revenues. This page is all about the meaning, abbreviation and acronym of SSS explaining the definition or meaning and giving useful information of similar terms. Company management often drills down into same-store sales figures to determine the exact cause of the change in revenues, which can be helpful to the company in making decisions. Learn more about payroll taxes here. Accessed April 24, 2020. The like-for-like sales number indicates the growth or decline in revenue of products or stores with similar characteristics and historical sales periods of operation. Increases or decreases in same-store sales commonly result from either price changes, changes in a store's number of customers or changes in the number of items the average customer purchases. Social Security Administration. The trustees forecast the retirement trust fund will dry up in 2034 and the disability trust fund in 2065.. "Your Retirement Benefit: How It’s Figured." Accessed April 24, 2020. The offers that appear in this table are from partnerships from which Investopedia receives compensation. Social security is a federal program that provides income and health insurance to retired persons, the disabled, the poor, and other groups. Social Security Administration. For instance, the company may have taken on debt to finance the new store openings, deteriorating the quality of its financial position. Check SSS Abbreviation, … Do-Over Option: Allows Social Security recipients to remove their original application for benefits and re-file at a later age. Social Security benefits are payments made to qualified retirees and disabled people, and to their spouses, children, and survivors. "Social Insurance Programs: Program Principles: No Means Test." A reliable management team would acknowledge poor same-store sales growth, identify the reason for the weakness and decide whether to close stores or make changes to the business to increase popularity. Inorganic growth is business growth that arises from acquisitions or opening new stores rather than an increase in the company's current business. acronym for "sorry so sloppy". Read more: When is the Best Time to Claim Your SSS Pension? Accessed April 24, 2020. The full retirement age is the age at which people can receive full retirement benefits upon leaving the workforce. Definition of SS (Entry 2 of 3) : a unit of Nazis created as bodyguard to Hitler and later expanded to take charge of intelligence, central security, policing action, and the mass extermination of those they considered inferior or undesirable The SSS calculator will show you two sets of monthly pension amounts: one for when you retire at age 60 and another for when you retire at 65. Having an SSS number doesn’t mean you’re already a member and entitled to SSS benefits. Social Security Administration. How Market Penetration is Used by Companies to Gain Market Share. SSC stands for Staff Selection Commission It is an Indian organization which appoints staff for various posts in the various ministries and department of the government of India. When the reserves for each fund are depleted, the taxes coming in from active workers will be enough to pay about 76% of the benefits to retirees and 92% of the benefits to disability beneficiaries. If that prediction holds, Congress will need to find ways to plug the gap, which might mean higher taxes on workers, lower benefits, higher age requirements for retirees, or some combination of these elements. Share skill. Same-store sales are also referred to as comparable-store sales, SSS or identical-store sales. Accessed April 24, 2020. Same-store sales growth may have been tepid or even declined, while most of the revenue increase came from opening new stores, which may also eventually lose money. In 2020 the Social Security Administration says about 178 million people pay Social Security taxes, while about 64 million receive monthly Social Security benefits., With the aging of the U.S. population, some observers have raised concerns about the viability of a system in which fewer active workers will be supporting greater numbers of retirees. While best known for retirement benefits, it also provides survivor benefits and disability income. Any unpaid SSS loan will be deducted from your retirement, death, or disability benefits.The deduction will be huge if you’ve stopped making loan payments for many years. There may be more than one meaning of SSS, so check it out all meanings of SSS one by one. The Disability Insurance Trust Fund (DI) is one of two Social Security Trusts which pays benefits to individuals incapable of gainful employment. The point of the do-over option is to … Social Security Administration. Last edited on Jul 19 2011. "Disability Benefits." Social Security Administration. So while there’s a chance to settle your SSS loan through a restructuring program, take advantage of it to ensure you’ll receive your final SSS benefits in full. "Benefits For You As A Spouse." Moreover, same-store sales figures may say something about the quality of management and the underlying finances of the company. Workers who wait to collect Social Security, up to age 70, will receive higher monthly benefits. Social Security not only provides benefits to many retirees but also to their children and survivors—and to workers who become disabled (and their children and survivors). It is an insurance program mandated by the Philippine government to cover all income earners or workers in the private sector, in contrast, government workers are covered by the GSIS or Government Service Insurance System. UMID is listed in the World's largest and most authoritative dictionary database of abbreviations and acronyms UMID - … "Benefits Planner: Survivors - If You Are the Survivor." For example, a decline in sales revenues might result from a new or existing competitor offering lower prices on key items that the company's stores sell. Get SSC full form and full name in details. • … Additionally, same-store sales figures can be helpful to retail chain management in making future decisions regarding existing stores and new locations. Refers to people admitted to the United States who are granted permanent authorization to work by the United States Citizenship and Immigration Services (USCIS) (formerly INS) or admitted to the United States on a temporary basis with USCIS (INS) authorization to work. Legally, DSS doesn't exist. The first monthly benefits checks became payable on Jan. 1, 1940, and the first person to collect one was Ida M. Fuller, a retired legal secretary in Vermont. What is the full meaning of SSS . However, they will receive a higher monthly benefit if they wait until their “full retirement age”—66 for people born in 1954, then add two months for each year until reaching 1960, at which point 67 becomes the new full retirement age for all—and an even higher one if they wait as late as age 70, at which point their benefit maxes out.  Workers can get a projection of their benefits at different retirement ages by using the Retirement Estimator on the SSA website. In some circumstances surviving spouses and minor children are also entitled to a one-time payment of $255 after an eligible worker’s death., The Social Security system in the U.S. was born on Aug. 14, 1935, when President Franklin D. Roosevelt signed the Social Security Act into law. What underlies the numbers, however, tells the real story. You’ll become a member who can qualify for SSS benefits only when your employer has reported you for SSS coverage, and you’ve paid at least one-month contribution. Social Security Administration. "If You Are Divorced." SAS is an integrated system of software solutions that enables you to perform the following tasks: data entry, retrieval, and management "How is Medicare funded?" "Comps" refers to the comparison of similar businesses, sales figures, or properties to quantify performance or value. SSS: Static Spherically Symmetric: Chemistry: SSS: Solid State Simulation: Electronics: SSS: Sinusoidal Steady State: Electronics: SSS: Stable Steady State: Electronics: SSS: Selective Smoothness Syndrome: Electronics: SSS: Stereo Simulator System: Electronics: SSS: Super Sunday Session: Messaging: SSS: Single Source Selection: Accounts and Finance: SSS: Sound Suppression System: Space Science: SSS By using Investopedia, you accept our. Earnings per share serve as an indicator of a company's profitability. Social Security is an insurance program. You can learn more about the standards we follow in producing accurate, unbiased content in our. As earlier pointed, the SSS is also charged with the protection of the President, Vice President, Senate President, Speaker of the House of Representatives, State Gov… U.S. Centers for Medicare & Medicaid Services. Its main responsibilities are within the country and include counter-intelligence, internal security, counter-terrorism, and surveillance as well as investigating some other types of grave crimes against the state. A retailer may impress investors by reporting a certain revenue increase. People who can’t work due to a physical or mental disability that is expected to last for a year or more—or result in death—may be eligible for Social Security disability benefits. Same-store sales is a financial metric that companies in the retail industry use to evaluate the total dollar amount of sales in the company's stores that have been operating for a year or more. What Does the Like-for-Like Sales Number Show? Workers pay into the program, typically through payroll withholding where they work. Visit to know long meaning of SSC acronym and abbreviations. Within five (5) days after entry in the logbook, the employer shall report to the SSS those contingencies it deems to be work-connected. Market penetration is a measure of how much a product is being used by customers compared to the total estimated market for that product. share to google To qualify, you generally have to meet certain earnings tests. Workers’ Social Security benefits are computed based on their average indexed monthly earnings (AIME) during their 35 highest-earning years. Spouses can also claim benefits, based on either their own earnings record or their spouse’s. A divorced spouse who is not currently married can receive benefits based on an ex-spouse’s earnings record if the marriage lasted at least 10 years. Children of retirees can also receive benefits until they turn 18 (longer if the child is disabled or a student). The offers that appear in this table are from partnerships from which Investopedia receives compensation. Social Security Administration. To qualify for Social Security retirement benefits, workers must be at least 62 and have paid into the system for 10 years or more. Accessed April 24, 2020. Same-store sales figures are important points of analysis for the management of a retail chain and for investors evaluating the chain's current and likely future performance. You’re not automatically covered as an SSS member when you secure an SSS number. Accessed April 24, 2020. Selective Service, Selective Service System, SSS (noun) an independent federal agency that administers compulsory military service. Today Social Security is one of the largest government programs in the world, paying out hundreds of billions of dollars each year. It is one of the best place for finding expanded names. Accessed April 24, 2020. All entries in the employer's logbook shall be made by the employer or any of the authorized official after verification of the contingencies … Earnings per share (EPS) is the portion of a company's profit allocated to each outstanding share of common stock. Any of several diseases of the sinoatrial node of the heart in which the node fails to generate impulses appropriately, resulting in long pauses, bradycardia, or bradycardia alternating with tachycardia. dchizaram7 is waiting for your help. Geometry K.5 SSS, SAS, ASA, and AAS Theorems LER. SSS Full Form is Securities Settlement System. Investopedia uses cookies to provide you with a great user experience. They can earn up to four credits each year. Accessed April 24, 2020. Under certain circumstances a stepchild, grandchild, step-grandchild, or adopted child may also qualify for benefits., Parents age 62 or older who were dependent upon a deceased worker for at least half of their income may also be able to collect benefits. Looking for online definition of UMID or what UMID stands for? "Historical Background And Development Of Social Security." "Signatories to the Trustees Reports." Accessed April 24, 2020. Investors and market analysts prefer to see significant increases in same-store sales figures. It is equal to the total contributions paid by the member and by the employer including interest. The DSS, like NIA, was created from NSO, a product of the Police Force, and the DSS-SSS once in a while delves into CRIMINAL INTELLIGENCE, the forte of the NPF ' S IB, especially when national security is at stake. Spouses and ex-spouses may also be eligible for benefits based on their former partner’s earnings record. For 2020, every time someone earns $1,410, he or she receives one credit until hitting $5,640, or four credits. That money goes into two Social Security trust funds—the OASI Trust Fund for retirees and the DI Trust Fund for disability beneficiaries—where it is used to pay benefits to people currently eligible for them. "2020 OASDI Trustees Report: Overview." The Old-Age, Survivors, and Disability Insurance (OASDI) Program is the official name for Social Security in the United States. That includes surviving spouses who are 60 or older, or 50 or older and disabled, provided they have not remarried. see more » See more words with the same meaning: acronyms (list of). Qualifications for SSS Retirement Benefits "Full Retirement Age." "Quarter of Coverage." The Selective Service System’s structure consists of the National Headquarters, Data Management Center, and three Region Headquarters, with 124 full-time employees authorized. Accessed April 24, 2020. Accessed April 24, 2020. SSS: Sistema de Seducción Subliminal (Spanish: Subliminal Seduction System) SSS: School and Student Service (financial aid) SSS: System Support Specialist: SSS: Suzuki Swift Sport (automotive) SSS: Scuole Specializzate Superiori (Swiss school) SSS: Subsurface Scattering: SSS: Senior Secondary School: SSS: Sick Sinus Syndrome: SSS Social Security Administration. In the diagrams below, if AB = RP, BC = PQ andCA = QR, then triangle ABC is congruent to triangle RPQ. In their 2020 report, the OASDI trustees project that the retirement fund’s reserves would become depleted in 2035, as the youngest baby boomers begin to collect Social Security. Her check was for $22.54., The system and its rules have evolved in the decades since. What is known in law and the constitution is the State Security Service, SSS. SSC-related questions: What is the full form of SSC, What does SSC stand for, What is the meaning of SSC, How SSC works? • SSS stands for Side-Side-Side. ; lumpsum amount - granted to a retiree who has not paid the required 120 monthly contributions. The SSS rule states that: If three sides of one triangle are equal to three sides of another triangle, then the triangles are congruent. Same-store sales figures are expressed as a percentage that indicates the relative amount of revenue increase or decrease. 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