Social Secuity

Social security could be define as a program which provide financial assistance and  social protection for people who got socially recognized conditions as poverty, old age, disability, unemployment and others.

In Britain, the social security system is runs by the department of work and pensions. For the government, this department is the single most expensive programme. In Britain the official retirement age is 60 for women and 65 for men. According to the text of the ‘Social Security’, the groups of people whish can benefit from the social security system are the people over 65 and the unemployed people. With estimation it is has been found that a quarter of the population (including 4.5 million children) are on the poverty line. And as the population ages, as the numbers of the sick, poor, disadvantaged and unemployed persist, the social security will become more expensive than now. In this case it may be found that as it will become expensive, some people could benefit like for example according to directgov (2010) “The Basic State Pension will increase by £4.50 to £102.15 Pensioners on a low income will benefit because most people who receive Pension Credit will get a £4.75 increase in guarantee credit".

References:
Directgov (2010) New benefit and pension rates for 2011-2012. Available at: http://www.direct.gov.uk/en/Nl1/Newsroom/DG_193032 (Accessed: 22/05/11).