Which statement best describes the Social Security retirement program?

A. It is managed by the federal government but funded by employees and employers.
B. Social Security is a privately managed bond program.
C. It is a retirement program where workers can choose to join or opt-out for a private program instead.
D. Social Security provides guaranteed retirement benefits for anyone who has been employed for at least one year.

Social Security in the United States refers to the federal Old-Age, Survivors, and Disability Insurance (OASDI) program, primarily funded through payroll taxes. It provides monetary benefits to retirees, their spouses, surviving dependent children, and disabled workers. Social Security is a government-run retirement program managed by the federal government and funded by employees and employers through payroll taxes.

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