The basic pension system in the United States, also known as the SocialSecuritySystem, is a social welfare plan managed by the federal government, which aims to provide basic living security for the elderly, the disabled, the survivors and the blind. This system is based on 1935 and has become one of the most important social welfare projects in the United States.

The following are some major features of the basic pension system in the United States:

1. coverage: the basic pension system in the United States covers most workers, including employees and self-employed, and their family members. Any qualified American citizen or legal resident can participate in this system.

2. Source of funds: The basic pension system in the United States is mainly funded by payroll tax. Both employees and employers have to pay a certain percentage of payroll tax, and these funds will go to SocialSecurityTrustFund to pay pension benefits.

3. Retirement age and benefit amount: The basic pension system in the United States sets different retirement ages according to the year of birth. Generally speaking, the retirement age will gradually increase with the passage of the year of birth. For example, people born in 1960 can retire at the age of 67, while those born in196/kloc-0 need to retire at the age of 67 years and 2 months.

The amount of retirement benefits depends on working years, average wage income and retirement age. Generally speaking, the longer the working years, the higher the average wage income, the later the retirement age and the higher the pension amount.

4. Welfare adjustment: The basic pension system in the United States makes welfare adjustment according to inflation every year. The Social Security Administration will determine the annual adjustment range of benefits according to the Consumer Price Index (CPI-W).

It should be noted that the basic pension system in the United States may be adjusted with changes in the political, economic and social environment. For example, in recent years, there have been discussions about raising the retirement age and cutting benefits. Therefore, when understanding the basic pension system in the United States, we need to pay close attention to the latest policy trends and changes.

In a word, the basic pension system in the United States is a social welfare plan with wide coverage and stable sources of funds, aiming at providing basic living security for the elderly, the disabled, survivors and the blind. This system may be adjusted over time, but it is always an important part of the American social security system.