Social Security Administration. 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. They can earn up to four credits each year. 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. The SSS rule states that: If three sides of one triangle are equal to three sides of another triangle, then the triangles are congruent. Read more: When is the Best Time to Claim Your SSS Pension? "Delayed Retirement Credits." SOS is a Morse code distress signal (▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄), used internationally, that was originally established for maritime use. The full retirement age is the age at which people can receive full retirement benefits upon leaving the workforce. Her check was for $22.54., The system and its rules have evolved in the decades since. Accessed April 24, 2020. Selective Service, Selective Service System, SSS (noun) an independent federal agency that administers compulsory military service. In the diagrams below, if AB = RP, BC = PQ andCA = QR, then triangle ABC is congruent to triangle RPQ. Qualifications for SSS Retirement Benefits Meaning of the Social Security Number* One of the most urgent tasks following passage of the Social Security Act in 1935 was to devise a method for uniquely identifying the earnings records for the mil- lions of persons covered by the new law. Within five (5) days after entry in the logbook, the employer shall report to the SSS those contingencies it deems to be work-connected. Social Security Administration. Chain store sales, released on the first Thursday of … Accessed April 24, 2020. 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. 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 SAS is an integrated system of software solutions that enables you to perform the following tasks: data entry, retrieval, and management 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. Inorganic growth is business growth that arises from acquisitions or opening new stores rather than an increase in the company's current business. Social security is a federal program that provides income and health insurance to retired persons, the disabled, the poor, and other groups. Accessed April 24, 2020. Since entitle- ment … SSS Full Form is Securities Settlement System. Your contributions to SSS may be deferred in certain circumstances but they cannot be waived. The point of the do-over option is to … Market penetration is a measure of how much a product is being used by customers compared to the total estimated market for that product. Accessed April 24, 2020. "Quarter of Coverage." 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. 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. It is equal to the total contributions paid by the member and by the employer including interest. Accessed April 24, 2020. For instance, the company may have taken on debt to finance the new store openings, deteriorating the quality of its financial position. 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. 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. Looking for online definition of UMID or what UMID stands for? acronym for "sorry so sloppy". Same-store sales figures are expressed as a percentage that indicates the relative amount of revenue increase or decrease. Social Security Administration. Accessed April 24, 2020. Social Security Administration. 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. 2. See more words with the same meaning: acronyms (list of). Workers who have paid into the Social Security system for at least 10 years become eligible for early retirement benefits at age 62. Accessed April 24, 2020. You can learn more about the standards we follow in producing accurate, unbiased content in our. Accessed April 24, 2020. The cutoff is 16 if you are caring for a child not your own.. Social Security Administration. Check SSS Abbreviation, … "Historical Background And Development Of Social Security." 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. Examining same-store sales figures is helpful to investors in determining what portion of a company's current sales revenues are a result of sales growth in existing locations and what portion is accounted for by the opening of new stores. Family members of disabled workers can also be eligible., The spouse and children of a deceased worker may be eligible for survivor benefits based on the worker’s earnings record. All entries in the employer's logbook shall be made by the employer or any of the authorized official after verification of the contingencies … 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). SSS Stands For : Surgical Stainless Steel | Sick Sinus Syndrome What is SSS ? Add your answer and earn points. 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. "Benefits Planner: Survivors - If You Are the Survivor." A retailer may impress investors by reporting a certain revenue increase. 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. Last edited on Jul 19 2011. It is one of the best place for finding expanded names. Page 1. "Comps" refers to the comparison of similar businesses, sales figures, or properties to quantify performance or value. 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. Social Security Administration. 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. Having an SSS number doesn’t mean you’re already a member and entitled to SSS benefits. If the triangles have same size and shape whose corresponding sides are equal and corresponding angles are equal are known as congruent triangles. For example, a same-store sales figure of 7% indicates that total dollar revenues at a retail chain's existing locations increased by 7% over the same given time period from the previous year. Accessed April 24, 2020. 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 UMID is listed in the World's largest and most authoritative dictionary database of abbreviations and acronyms UMID - … The SSS pension is higher if you choose retirement at age 65. 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. Share skill. Citation from "The New Boss", 10 Items or Less (TV) censored in hope of resolving Google's penalty against this site. Social Security Administration. Accessed April 24, 2020. Social Security Administration. Side-Side-Sideis a rule used to prove whether a given set of triangles are congruent. 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… 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. The offers that appear in this table are from partnerships from which Investopedia receives compensation. Comparable store sales is a retail store's revenue in the most recent accounting period relative to the revenue from a similar period in the past. Deferment of contributions while on leave without pay is only permitted in special circumstances such as financial hardship. share to google 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. What Does the Like-for-Like Sales Number Show? 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. "Your Retirement Benefit: How It’s Figured." These include white papers, government data, original reporting, and interviews with industry experts. We also reference original research from other reputable publishers where appropriate. "2020 OASDI Trustees Report: Overview." dchizaram7 is waiting for your help. Social Security Administration. Workers pay into the program, typically through payroll withholding where they work. Also, it is important to know if an increase in revenues is primarily the result of attracting new customers or the result of approximately the same number of customers making larger purchases. 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. 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. Get SSC full form and full name in details. U.S. Centers for Medicare & Medicaid Services. SS, abbreviation of Schutzstaffel (German: “Protective Echelon”), the black-uniformed elite corps and self-described “political soldiers” of the Nazi Party. Introduction to the SAS System. "If You Are Divorced." Chain Store Sales: An indicator that provides information on the monthly sales volumes from chain stores. Spouses and ex-spouses may also be eligible for benefits based on their former partner’s earnings record. Earnings per share (EPS) is the portion of a company's profit allocated to each outstanding share of common stock. Social Security benefits are payments made to qualified retirees and disabled people, and to their spouses, children, and survivors. "Benefits for Children." 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. There may be more than one meaning of SSS, so check it out all meanings of SSS one by one. Today Social Security is one of the largest government programs in the world, paying out hundreds of billions of dollars each year. Earnings per share serve as an indicator of a company's profitability. There are two types of retirement benefit: monthly pension - a lifetime cash benefit paid to a retiree who has paid at least 120 monthly contributions to the SSS prior to the semester of retirement. Social Security Administration. The Selective Service System’s structure consists of the National Headquarters, Data Management Center, and three Region Headquarters, with 124 full-time employees authorized. By using Investopedia, you accept our. To qualify, you generally have to meet certain earnings tests. What is known in law and the constitution is the State Security Service, SSS. 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. Accessed April 24, 2020. Social Security is an insurance program. 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 Investopedia uses cookies to provide you with a great user experience. 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. 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. Investopedia requires writers to use primary sources to support their work. "Full Retirement Age." 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. 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. The trustees forecast the retirement trust fund will dry up in 2034 and the disability trust fund in 2065.. "Social Insurance Programs: Program Principles: No Means Test." 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. Market analysts frequently use same-store sales to determine the effectiveness of the management of a retail chain in producing revenue growth from existing assets. This tax, levied on both employers and employees, funds Social Security and is collected in the form of a payroll tax or a self-employment tax. Legally, DSS doesn't exist. Accessed April 24, 2020. 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. While best known for retirement benefits, it also provides survivor benefits and disability income. Learn more about payroll taxes here. 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. 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 Do-Over Option: Allows Social Security recipients to remove their original application for benefits and re-file at a later age. Additionally, same-store sales figures can be helpful to retail chain management in making future decisions regarding existing stores and new locations. That includes surviving spouses who are 60 or older, or 50 or older and disabled, provided they have not remarried. The Disability Insurance Trust Fund (DI) is one of two Social Security Trusts which pays benefits to individuals incapable of gainful employment. What is the full meaning of SSS . Same-store sales are also referred to as comparable-store sales, SSS or identical-store sales. Visit to know long meaning of SSC acronym and abbreviations. 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