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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 ...
In the United States, Social Security is the commonly used term for the federal Old-Age, Survivors, and Disability Insurance ( OASDI) program and is administered by the Social Security Administration (SSA). [1] The Social Security Act was passed in 1935, [2] and the existing version of the Act, as amended, [3] encompasses several social welfare ...
The Social Security Act was enacted August 14, 1935 (88 years ago). The Act was drafted during President Franklin D. Roosevelt's first term by the President's Committee on Economic Security, under Frances Perkins, and passed by Congress as part of the New Deal.
A group representing Social Security Administration employees issued a stern warning that the agency's "staffing and funding crisis" could lead to "more Americans being denied the benefits they...
Social Security taxes your wages 6.2 percent each year, and your employer pays another 6.2 percent, up to $168,600 (for 2024) in income. Paying taxes on the maximum would give you the highest ...
Social Security is commonly known for providing an income for people in retirement. However, the Social Security Administration (SSA) does much more than provide social retirement plans. The SSA ...
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