BAC - News

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Issue: FEBRUARY - MARCH 2005

	Index
	Archives

News In Brief

›	How Much Do You Really Know About Social Security? Take the Test
›	To Honor and Remember: BAC Responded on 9/11 and Rebuilds Today
›	Portland, Oregon to Host AFL-CIO Union Industries Show April 29th to May 2nd
›	Freedom to Form a Union Under Attack
›	President Flynn Addresses LCLAA
›	Continuing a Family Tradition
›	Construction Begins on New IU Headquarters
›	Building Trades to Sponsor New Television Series

How Much Do You Really Know About Social Security?
Take the Test

Social Security is grabbing the headlines as President Bush travels around the country trying to build support for his plan to dismantle the System. The debate over the future of Social Security is complicated, but given the importance of this program to every American family – old and young, retired and working – it’s one that we all need to understand. As the debate heats up, we’ll keep you informed on how the proposals will impact you and your family. As a starting point, test your knowledge of Social Security.

1.	When was Social Security started? 1929 1935 1939 1945 None of the above

2.	Who receives Social Security? Retirees Disabled workers Widows/widowers Children who have lost a parent All of the above

3.	How much has Social Security paid out since it started? $500 billion $1 trillion $5 trillion More than $5 trillion

4.	What percentage of older Americans rely on Social Security for half of their income or more? 20% 33% 65% None of the Above

5.	Is the Social Security System about to run out of money? Yes No

6.	True or False: The government’s Social Security projections are always correct. True False

7.	Has the government ever adjusted Social Security to address projected shortfalls and ensure that it could continue to make payments in the future? Yes No

8.	True or False: The Bush Administration’s proposals to add private accounts to Social Security will strengthen Social Security. True False

9.	Will an individual definitely have more retirement income with a private account? Yes No

10.	If an individual puts a portion of their Social Security contribution in a private account, will they have money to leave to their family when they die? Yes No
	(See answers without taking test)