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Programs in which anyone who meets the criteria is eligible to participate are called Contributory programs. Contribution-based systems, such as those seen in Social Security, Medicare, and unemployment insurance, require contributors to the program for beneficiaries to be eligible. The federal government has a wide range of entitlement programs that are all intended to give individuals financial assistance.

What is a contributory program?

The majority of people who hear the term immediately conjure up contributions-based schemes like Social Security or social insurance. In exchange for receiving financial benefits once they reach retirement age, these welfare programs in the US demand that workers contribute a percentage of their salary.

What is the difference between contributory and noncontributory programs?

  • Contributory - Plans for group life insurance where the company pays the majority of the premium and the employee "contributes" a portion of it those.
  • Noncontributory - Group life insurance policies are ones in which the company pays the full premium cost and the employee makes no payment toward the premiums.

Learn more about Contributory programs: https://brainly.com/question/13986235

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