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The United States Social Security Administration ( SSA) [2] is an independent agency of the U.S. federal government that administers Social Security, a social insurance program consisting of retirement, disability and survivor benefits. To qualify for most of these benefits, most workers pay Social Security taxes on their earnings; the claimant ...
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What the average American retiree makes. Americans 65 years and older had a median annual income of $50,290 in 2022, according to the latest data froom United States Census Bureau. While this ...
The Michigan Office of Retirement Services (ORS) administers retirement programs for Michigan 's state employees, public school employees, judges, state police, and National Guard. ORS also provides various retiree healthcare benefits, including traditional insurance plans, Personal Healthcare Funds, and Health Reimbursement Accounts.
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According to IRS data, the average Social Security payout for retirees as of Sept. 2023 was $1,841.27. Spouses of retired workers drew an average check of $888.03. This means that the average ...