Social Security is a pension program that collects and invests contributions from workers and then returns these funds with interest to retirees.

Name: Social Security is a pension program that collects and invests contributions from workers and then returns these funds with interest to retirees.
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Question

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Social Security operates primarily as a pay-as-you-go system, where current workers' taxes fund the benefits of current retirees, rather than investing contributions to pay future benefits.

Social Security Is a Pension Program That Collects and Invests