Which of the following is true concerning Social Security's retirement benefit structure?
A)All eligible retired workers are entitled to the same benefits
B)High wage workers receive a greater percentage of past earnings in benefits than low wage workers
C)Retired female workers are entitled to higher benefits than retired male workers
D)Low wage workers receive a greater percentage of past earnings in benefits than do high wage workers
E)Retired workers living in cities receive larger benefits than those living in rural areas

Question

Quizplus · Accepted Answer

The Social Security retirement benefit structure is designed to provide a higher percentage of past earnings in benefits to low-wage workers than high-wage workers. This is intended to provide greater retirement security for those who may have earned less over their working years. Option A is not correct as benefits are based on an individual's earnings history. Option B is incorrect as it is the opposite of the actual structure. Option C is incorrect as benefits are determined by an individual's own work history and not affected by gender. Option E is incorrect as benefits are based on earnings history and not location of residence.

Which of the Following Is True Concerning Social Security's Retirement