Income Security Program Sample Paper.
The alleviation of poverty and the complete eradication of financial constraints among
most individuals are two important processes that strive towards the achievement of a better life. Income Security Program Sample Paper.
The inclusion of income security programs in the federal policies and programs of most
governments is supposed to protect its citizens from impoverished situations once they grow
older. The importance of these programs is clearly seen in the quality of lives that people live
once they retire and how an income security program can help in bringing positive
transformation to life. Income Security Program Sample Paper. This paper is a brief essay that discuses one income security program that
affects my life in a day-to-day manner in specific focus to the country of Canada.
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Income security program chosen for this essay: Canada Pension Plan
a) Identify how history, social, ideological and economic factors influence social-policy
making in Canada specific to the income security program you have chosen.
The Canada Pension Plan or CPP is one of the income security programs set up by the
government in order to assist its citizens to save for their future (Gros et al, 2013).
As a college student living within the Canadian community, this program has numerous benefits
to my financial future. To begin with the Canada Pension Plan allows me to make contributions
early in my life and then begin to receive monthly payments once I reach the age of sixty.
However, there are some factors that may influence the process of policy making for this income
security program.
One of the factors that affects Canada Pension Plan is the salary and remuneration one
receives (Hemmeter, 2015). This is because the pension is deducted from the salary based on the
earnings that one makes. What’s more, this plan only applies to Canadian citizens and it
therefore locks out people from outside this societal origin. The history of payment when it comes to the Canada Pension Plan is also important in determining whether one will receive the
benefits in future in a timely manner (Nicholas, 2014). Therefore, the Canada Pension Plan is
influenced largely by other factors that may bring change to the process of implementing this
policy or program.
b) Is this welfare program or income security program private or public? What category is
this program delivered from? Is it a minimum income program, income supplement,
selective or universal? Is it residual or institutional?
The Canada Pension Plan can be described as being a public program because it is open
to all people, regardless of where they are employed. Additionally, this program is delivered
from the government of Canada and specifically from the pension programs unit (Dimassimo,
2015). This income security program is a universal program where deductions are made from
salaries based on a uniform percentage. As such, every person makes a similar contribution to
the Canada Pension Plan and waits to receive their full benefits once they attain the age of sixty
(Dobson, 2014). The institutional nature of this program means that each corporate organization
is obliged to educate its employees on the importance of making this contributions so that their
financial future remains secured.
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c) Discuss how retrenchment and globalization has impacted this income security
program development and how it is being effected today by globalization. Income Security Program Sample Paper.
The process of laying off redundant workers or even letting go of employees in order to
cut down costs is largely synonymous with retrenchment. The latter affects the ability of a person
to continue making monthly contributions to the Canada Pension Plan because one’s income is
abruptly cut off without any prior notice (Dimassimo, 2014). Likewise, globalization has also
brought numerous changes in the work force as well as in the delivery of social services such as this income security program. Moreover, globalization has the potential of affecting the Canada
Pension Plan in the sense that the living standards have become more expensive due to advances
in technology and innovation (Dimassimo, 2014).
d) Identify how the social income security program impacts different social groups
including indigenous people.
The Canada Pension Plan is an income security program that aims at improving the lives
of people at old age in a general perspective. However, different social groups are affected
differently as well by this program. The people in the age bracket of sixty and above are the most
affected because this program is able to change and transform their lives positively (Gros et al,
2013). This is because their age qualifies them into receiving monthly benefits that can go a long
way into making life easier. Income Security Program Sample Paper.
On the other hand, people below the age of sixty are required to continue making
contributions as they still do not qualify to get the monthly benefits. When it comes to the
indigenous people, they are the first beneficiaries of this income security program because they
are Canadian citizens (Hemmeter, 2015). As such, their continuous contributions into the
program should be seen as a way of bettering their future.
e) Based on your training as a social service worker, do you think this income security
program is likely to decrease the impact of poverty for some segments of the
population? What recommendations can you make to reform this income security
program?
As a social service worker, I believe that the Canada Pension Plan is one of the income
security programs that has the potential of decreasing poverty levels among its citizens. Income Security Program Sample Paper.The
reasons for this assentation is based on the fact that people above the age of sixty are guaranteed of receiving monthly payments on a regular basis (Nicholas, 2014). Hence, this acts as some
form of fall back plan that provides financial security to people within this age bracket.
Conclusively, the best recommendation to make to the Canadian government would be to make
the Canada Pension Plan favorable so that its citizens can safeguard their financial future.
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References
Dimassimo, J. (2014). Pension Landscape of Canada. Benefits Canada, 1-5.
Dimassimo, J. (2015). Chronicle An Overview Of Pension Plans In Canada 2014. Benefits
Canada, 391-6. Income Security Program Sample Paper.
Dobson, D. W. (2014). Do Public Sector Pensions Need Fixing? Plans & Trusts, 32(4), 14-17.
Gros, B., Hall, K., & Lockheed, C. (2013). Target Benefit Plans: A New Approach for
Sustainable Retirement Income. Plans & Trusts, 31(1), 6-10.
Hemmeter, J. (2015). Supplemental Security Income Program Entry at Age 18 and Entrants'
Subsequent Earnings. Social Security Bulletin, 75(3), 35-53.
Nicholas, J. (2014). Source, Form, and Amount of In-Kind Support and Maintenance Received
By Supplemental Security Income Applicants and Recipients. Social Security
Bulletin, 74(3), 39-54. Income Security Program Sample Paper.