The offers that appear in this table are from partnerships from which Investopedia receives compensation. 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. Workers pay into the program, typically through payroll withholding where they work. The Selective Service System’s structure consists of the National Headquarters, Data Management Center, and three Region Headquarters, with 124 full-time employees authorized. What is the full meaning of SSS . acronym for "sorry so sloppy". Social Security Administration. Today Social Security is one of the largest government programs in the world, paying out hundreds of billions of dollars each year. Read more: When is the Best Time to Claim Your SSS Pension? Inorganic growth is business growth that arises from acquisitions or opening new stores rather than an increase in the company's current business. If the triangles have same size and shape whose corresponding sides are equal and corresponding angles are equal are known as congruent triangles. SSC-related questions: What is the full form of SSC, What does SSC stand for, What is the meaning of SSC, How SSC works? Earnings per share serve as an indicator of a company's profitability. Also part of Selective Service is a field structure of military Reservists and civilian volunteer board members. What Does the Like-for-Like Sales Number Show? UMID is listed in the World's largest and most authoritative dictionary database of abbreviations and acronyms UMID - … They can earn up to four credits each year. The money that is not spent remains in the trust funds., A Board of Trustees oversees the financial operation of the two Social Security trust funds. "Historical Background And Development Of Social Security." 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. 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. 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. Visit to know long meaning of SSC acronym and abbreviations. To qualify, you generally have to meet certain earnings tests. By using Investopedia, you accept our. SAS is an integrated system of software solutions that enables you to perform the following tasks: data entry, retrieval, and management The offers that appear in this table are from partnerships from which Investopedia receives compensation. "How is Medicare funded?" Geometry K.5 SSS, SAS, ASA, and AAS Theorems LER. See more words with the same meaning: acronyms (list of). Accessed April 24, 2020. U.S. Centers for Medicare & Medicaid Services. "Delayed Retirement Credits." 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. Social Security Administration. This page is all about the meaning, abbreviation and acronym of SSS explaining the definition or meaning and giving useful information of similar terms. 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. Social security is a federal program that provides income and health insurance to retired persons, the disabled, the poor, and other groups. see more » Learn more about payroll taxes here. Share skill. "Signatories to the Trustees Reports." Accessed April 24, 2020. Page 1. 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. "Your Retirement Benefit: How It’s Figured." Her check was for $22.54., The system and its rules have evolved in the decades since. 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. The SSS rule states that: If three sides of one triangle are equal to three sides of another triangle, then the triangles are congruent. While best known for retirement benefits, it also provides survivor benefits and disability income. 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. Accessed April 24, 2020. All entries in the employer's logbook shall be made by the employer or any of the authorized official after verification of the contingencies … Accessed April 24, 2020. Social Security Administration. 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. 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. Accessed April 24, 2020. Legally, DSS doesn't exist. Qualifications for SSS Retirement Benefits ; lumpsum amount - granted to a retiree who has not paid the required 120 monthly contributions. Selective Service, Selective Service System, SSS (noun) an independent federal agency that administers compulsory military service. 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. 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. 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. 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. share to google If the bulk of a company's revenue increase comes from opening new stores, this can indicate that demand for the company's products is flattening out and that little future revenue growth can be expected once the company reaches a saturation point in terms of total locations. Within five (5) days after entry in the logbook, the employer shall report to the SSS those contingencies it deems to be work-connected. Accessed April 24, 2020. "Quarter of Coverage." To qualify for Social Security retirement benefits, workers must be at least 62 and have paid into the system for 10 years or more. 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 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. "Social Insurance Programs: Program Principles: No Means Test." 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. In some circumstances surviving spouses and minor children are also entitled to a one-time payment of $255 after an eligible worker’s death., The Social Security system in the U.S. was born on Aug. 14, 1935, when President Franklin D. Roosevelt signed the Social Security Act into law. Introduction to the SAS System. To amend the NSA Act, in order to change the name to DSS,requires constitutional amendment,so they just did it anyway, hoping Nigerians, as usual,wont notice or call them to right. Chain store sales, released on the first Thursday of … It is one of the best place for finding expanded names. The SSS pension is higher if you choose retirement at age 65. 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. 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. Deferment of contributions while on leave without pay is only permitted in special circumstances such as financial hardship. 2. "2020 OASDI Trustees Report: Overview." Social Security Administration. You’ll become a member who can qualify for SSS benefits only when your employer has reported you for SSS coverage, and you’ve paid at least one-month contribution. 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. The point of the do-over option is to … Social Security Administration. We also reference original research from other reputable publishers where appropriate. "Comps" refers to the comparison of similar businesses, sales figures, or properties to quantify performance or value. What underlies the numbers, however, tells the real story. Social Security Administration. 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 SSS Full Form is Securities Settlement System. 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 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). 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. 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. 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… "Disability Benefits." Do-Over Option: Allows Social Security recipients to remove their original application for benefits and re-file at a later age. A retailer may impress investors by reporting a certain revenue increase. The Old-Age, Survivors, and Disability Insurance (OASDI) Program is the official name for Social Security in the United States. Market penetration is a measure of how much a product is being used by customers compared to the total estimated market for that product. Earnings per share (EPS) is the portion of a company's profit allocated to each outstanding share of common stock. Investopedia uses cookies to provide you with a great user experience. It is equal to the total contributions paid by the member and by the employer including interest. Accessed April 24, 2020. Social Security is an insurance program. Accessed April 24, 2020. 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. The cutoff is 16 if you are caring for a child not your own.. You can learn more about the standards we follow in producing accurate, unbiased content in our. The trustees forecast the retirement trust fund will dry up in 2034 and the disability trust fund in 2065.. The State Security Service (SSS), self-styled as the Department of State Services (DSS), is a security agency of Nigeria and one of three successor organisations to the National Security Organization (NSO). Your contributions to SSS may be deferred in certain circumstances but they cannot be waived. SOS is a Morse code distress signal (▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄), used internationally, that was originally established for maritime use. Chain Store Sales: An indicator that provides information on the monthly sales volumes from chain stores. 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. 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. Workers’ Social Security benefits are computed based on their average indexed monthly earnings (AIME) during their 35 highest-earning years. Spouses can also claim benefits, based on either their own earnings record or their spouse’s. A divorced spouse who is not currently married can receive benefits based on an ex-spouse’s earnings record if the marriage lasted at least 10 years. Children of retirees can also receive benefits until they turn 18 (longer if the child is disabled or a student). 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. Side-Side-Sideis a rule used to prove whether a given set of triangles are congruent. In the diagrams below, if AB = RP, BC = PQ andCA = QR, then triangle ABC is congruent to triangle RPQ. These include white papers, government data, original reporting, and interviews with industry experts. Moreover, same-store sales figures may say something about the quality of management and the underlying finances of the company. Additionally, same-store sales figures can be helpful to retail chain management in making future decisions regarding existing stores and new locations. It is independent of a lump-sum pension.. 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 Spouses and ex-spouses may also be eligible for benefits based on their former partner’s earnings record. "Benefits Planner: Survivors - If You Are the Survivor." Social Security Administration. Same-store sales are also referred to as comparable-store sales, SSS or identical-store sales. SSS Stands For : Surgical Stainless Steel | Sick Sinus Syndrome What is SSS ? 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. Investors and market analysts prefer to see significant increases in same-store sales figures. Social Security Administration. "Full Retirement Age." 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 Workers who wait to collect Social Security, up to age 70, will receive higher monthly benefits. Having an SSS number doesn’t mean you’re already a member and entitled to SSS benefits. "Benefits For You As A Spouse." Since entitle- ment … 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. Social Security Administration. 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. Social Security Administration. "What are the Trust Funds?" 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. A payroll tax is a percentage withheld from an employee's salary and paid to a government to fund public programs. 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. Accessed April 24, 2020. 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. 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. Add your answer and earn points. 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. "If You Are Divorced." 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. 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. Accessed April 24, 2020. Investopedia requires writers to use primary sources to support their work. Check SSS Abbreviation, … The full retirement age is the age at which people can receive full retirement benefits upon leaving the workforce. Looking for online definition of UMID or what UMID stands for? SS, abbreviation of Schutzstaffel (German: “Protective Echelon”), the black-uniformed elite corps and self-described “political soldiers” of the Nazi Party. Four of the six members are the secretaries of the departments of Treasury, Labor, and Health and Human Services, and the Commissioner of Social Security, while the remaining two members are public representatives appointed by the president and confirmed by the Senate., Medicare, the federal health insurance program for Americans 65 and older and some people with disabilities, is also supported through payroll withholding, but that money goes into a third trust fund, managed by the Centers for Medicare & Medicaid Services.. Last edited on Jul 19 2011. There may be more than one meaning of SSS, so check it out all meanings of SSS one by one. For instance, the company may have taken on debt to finance the new store openings, deteriorating the quality of its financial position. The DSS, like NIA, was created from NSO, a product of the Police Force, and the DSS-SSS once in a while delves into CRIMINAL INTELLIGENCE, the forte of the NPF ' S IB, especially when national security is at stake.