Social Security for your retirement
The first recipient of a Social Security retirement check was Ida May Fuller of Ludlow, Vermont. It was for $22.54. She died at the age of 100 in 1975, having received nearly $23,000 in benefits.
Today, roughly 63.7 million people are receiving benefits from the Social Security Administration under OASDI, according to the 2019 figures from the Social Security Administration. OASDI, which is actually called the Old-Age, Survivors, and Disability Insurance Program was created by Franklin Delano Roosevelt’s administration during the Great Depression as a solution to the poverty that affected many elderly citizens.
Social Security was designed to replace a portion of the wages that a retired or disabled worker had earned while still in the workforce. And for many – if not most - Americans, it is crucial to their retirement.
You have probably been paying Social Security and Medicare taxes (also known as FICA taxes, or SECA taxes if you are self-employed) since you first began working.
Your earnings are used to determine your eligibility for Social Security benefits and your benefit amount. Keep in mind Social Security is not meant to be your only source of income in retirement. On average, according to the Social Security Administration, Social Security will replace about 40 percent of your annual pre-retirement earnings, although this can vary substantially based on each person’s circumstances.
The Social Security Administration will determine your monthly retirement benefits based on your highest 35 years of earnings, selected from all your years of paying into the system.
For workers born 1960 and later, the full retirement age is 67. Starting retirement benefits before this full retirement age (as early as age 62) lowers this percentage, and starting benefits after your full retirement age (up to age 70) increases it. If you elect to apply before your normal retirement age, you will receive a smaller, permanently reduced benefit. It generally pays to wait until your full retirement age.
In addition to Social Security, you will likely need other savings, investments, pensions, or retirement accounts to live comfortably in retirement. Because your retirement could last 20 years or more, it is important to begin your financial planning as early as possible.
• If you have a workplace retirement plan, be sure to find out how it works so that you can make the most of it. Your employer might match some or all of your plan contributions. If your employer does not offer a plan, there are other ways to save and invest on your own.
• The earlier you start saving, the more time you will have to build your retirement income.
• Any amount you can save will add up over time.
The Social Security taxes you pay go into the Social Security Trust Funds that are used to pay benefits to current beneficiaries. The Social Security Board of Trustees estimates that, based on current law, the Trust Funds will be able to pay benefits in full and on time until 2034. In 2034, Social Security would still be able to pay about $780 for every $1,000 in benefits scheduled. good legal defense. If a pool user suspects that they may have gotten ill at a public pool, they may consider a lawsuit against the pool owner and the pool service company. The pool maintenance log will visually show that the pool was being maintained properly when the pool was used by the customer.
The pool maintenance log can also be used as a communication tool between the pool owner and the pool tech, but also between different pool techs when one may be out ill. This allows seamless care of the pool and knowledge of what the other pool tech may have seen while they were at the pool.
How does it affect pool service techs?
When a public pool owner receives a violation due to a pool maintenance log not being maintained properly, they tend to get really upset with the pool tech. Even though the pool tech is only paid for two or three times per week service and there is no way that they could complete the daily record, they are still blamed for the violation in the mind of the pool owner. It is a “no win” situation for the pool tech. The risk of making the pool owner unhappy and losing money to complete a task that they are not contracted or compensated for is a very stressful moment. In most instances, the pool owner is charged an additional fee for the extra visits by the pool tech.
Some pool techs will record the readings on the pool maintenance log even though they are not there. The incorrect records will not help the pool tech with identifying malfunctioning equipment or other similar issues. The inspector may notice information written ahead of time on the pool log if the inspection is conducted, for example, late on Friday and weekend readings were recorded on the log ahead of time. The falsification of information on the pool log could result in violations from the FLDOH.
The storage of the pool maintenance log is also an issue. The inspector may find the log water damaged, ripped, or stored in a location not known by the inspector. Any of these situations could result in violations on the inspection report.
What existing technology is available?
The pool tech has many methods of recording daily chemical readings and other important maintenance information.
The pool tech has to choose between written records or technology that records the same information. Written records are technologically easier for some pool techs to use, but if they are not stored properly, then the record may not be found or become damaged. Over time, written records can become a bulky method of recordkeeping.
Technology is now available to the pool tech for pool maintenance records. This alternative to written records is a form of electronic records that can be operated via an application on a mobile device. This allows for easy recordkeeping that is not limited to a physical storage capacity.
The majority of the applications transfer the data to cloud -type storage. The application must meet the requirements of the FLDOH, and the log must be available to the inspector upon inspection or request.
An example of one such available mobile application is Pool Shark H2O. It records all the required Florida public pool requirements on the daily maintenance log and transfers it to cloud storage.
The daily log can be accessed by the pool inspector through a QR code sticker that can be posted in a conspicuous location.
Pool maintenance log missing daily testing of pH and chlorine levels And example of QR code from Pool Shark H2O application