This document discusses social security benefits as a type of workers' benefits in human resource management. It defines social security as a program that provides economic security to the public using public funds. The main types of social security discussed are retirement benefits, survivor/death benefits, and disability payments provided by the US social security system established in 1935. Three criteria that must be fulfilled for employee benefits are that they should be computable in money, the amount is not predetermined, and there is no contract stating when the sum is payable. The document also discusses possible changes to social security systems to control future costs, such as higher taxes on benefits, including all government workers, and longer working/later retirement.

1. M.Musthak
Trincomalee campus,
Eastern university,
Sri lanka.
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2. Introduction
Workers’s benefits include employer contributions to
social security, unemployment insurance, and
workers’ compensation insurance
Social security is main type of the workers’ benefits
in human resource management
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3. What is the social security?
social security describes a program that uses public funds to
provide a degree of economic security for the public.
The specific social security discussed here is the United
States government program established in 1935 that
provides old age, disability, and survivors insurance, as well
as supplemental security income, an income for elderly or
disabled people
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4. Types of Social Security
1.retirement benefits: These provide an income if you retire at age 62
or thereafter and insured under the social security act.
2.survivor’s or death benefits: These provide monthly payment to
dependent regardless of your age at death, again assuming you are
insured under the social security act.
3.disability payments: These provide monthly payment to employee
who become totally disabled (and to their depends) if, they work to
meet retirement.
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5. Three criteria need to fulfill Employee
benefits and service :
1.It should be computable in terms of money
2.The amount of benefit is not generally
predetermined
3.No contract, indicating when the sum is
payable should exist
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6. There are number of models providing social
security to the workers in unorganized sector. These
may be classified as under;
1.Centrally funded social assistance program
2.Social security insurance scheme
3.Social assistance through welfare funds to central
and state governments
4.Public initiatives.
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7. A number of changes in the social security system are being
considered in an attempt to control future costs and
benefits.
Probable changes include
1.higher taxes on social security benefits
2.participation of all state, local, and federal civil servants
in the social security program
3.beginning in the next three or four decades, longer work
and later retirement
4.dramatic changes in the social security, Medicare, and
overall health care system
5.Reduction in benefits.
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8. Social security systems in many countries around the globe
are in crisis, exacting heavy financial burden while
providing inadequate benefits. Employers worldwide must
assume more responsibility for employee benefits as
government try to cut the cost of social security and
national health insurance programs.
Step taken by foreign governments to meet this challenge
include
1.reducing the level of future benefits
2.increasing social security taxes
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