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The Instituto Nacional do Seguro Social (English: National Social Security Institute) or INSS is a Brazilian government agency linked to the Ministry of Labor and Employment that collects contributions for the maintenance of the General Social Security System (RGPS), which is responsible for paying retirement pensions, maternity, death, reclusion, sickness and accident benefits, and other ...
The system is financed by contributions from employees and employers. Employees pay 1.2% of their gross salary below the social security threshold and employers pay 1.2% contribution on top of the salary paid to the employee. The contribution level was reduced from 1.3% for employees and employers during the COVID-19 pandemic.
The social assistance disbursed by SASSA takes the form of various grants; most of them are means-tested and paid in cash on a monthly basis. These are the Child Support Grant, the Care Dependency Grant, the Foster Child Grant, the Disability Grant, the Grant-in-Aid, the Older Person's Grant (an old-age pension), and the War Veteran's Grant. [6]
Social security; Sécurité sociale: Agency overview; Formed: October 19, 1945 (): Jurisdiction: Government of France: Motto: De chacun selon ses moyens, à chacun selon ses besoins (English: From each according to his ability, to each according to his needs)
The rate of contribution was progressively increased to 25% for both employers and employees in 1985. The employer contribution was cut to 10% during a recession in 1986. The employer contribution rate was reverted to match the employee rate until the 1997–1998 Asian Financial Crisis, and thereafter lowered to 10% for workers 55 years or younger.
Scuderia Serenissima or Scuderia SSS Republica di Venezia was an auto racing team funded by Giovanni Volpi and active in the early 1960s. The name "Serenissima" ("Most Serene") refers to one of the many definitions the city of Venice is known for, the Volpi family being originally from the area.
In December 2005, the State Council issued its "Decision on Improving the Basic Social Security System for Workers and Staff in Enterprises," a regulation which sought to resolve the shortage of funds in individual social security accounts. [1]: 239 China established its rural social security system in 2009. [1]: 12
SSS investment income during Teodoro’s term enabled the fund to increase benefits several times over despite a slow increase in contribution rates. Moreover, SSS fund placements in various government banking institutions had yielded high returns, which helped spur economic growth and fund public infrastructure projects.