The Government will collect both of these taxes from your employer. Your
part of the tax will be taken out of your pay. The Government will collect
from your employer an equal amount out of his own funds.

This will go on just the same if you go to work for another employer, so
long as you work in a factory, shop, mine, mill, office, store, or other
such place of business. (Wages earned in employment as farm workers,
domestic workers in private homes, Government workers, and on a few other
kinds of jobs are not subject to this tax.)



OLD-AGE RESERVE ACCOUNT


Meanwhile, the Old-Age Reserve fund in the United States Treasury is
drawing interest, and the Government guarantees it will never earn less
than 3 percent. This means that 3 cents will be added to every dollar in
the fund each year.

Maybe your employer has an old-age pension plan for his employees. If so,
the Government's old-age benefit plan will not have to interfere with
that. The employer can fit his plan into the Government plan.

What you get from the Government plan will always be more than you have
paid in taxes and usually more than you can get for yourself by putting
away the same amount of money each week in some other way.