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2. Social Security Trust Fund - Wikipedia

   en.wikipedia.org/wiki/Social_Security_Trust_Fund

   The "Social Security Trust Fund" comprises two separate funds that hold federal government debt obligations related to what are traditionally thought of as Social Security benefits. The larger of these funds is the Old-Age and Survivors Insurance (OASI) Trust Fund, which holds in trust special interest-bearing federal government securities ...

3. Social Security Trust Fund Report: Here's Where the Program ...

   www.aol.com/social-security-trust-fund-report...

   The OASI is the fund responsible for retirement benefits, but both play an integral role in the program. Currently, Social Security's costs are exceeding its income.

4. History of Social Security in the United States - Wikipedia

   en.wikipedia.org/wiki/History_of_Social_Security...

   Yet today Social Security is treated like all the other trust funds of the Unified Budget. [citation needed] As a result of these changes, particularly the tax increases, the Social Security system began to generate a large short-term surplus of funds, intended to cover the added retirement costs of the "baby boomers".

5. 6 Social Security Changes Retirees Need to Know About in 2024

   www.aol.com/6-social-security-changes-retirees...

   The average monthly Social Security retirement benefit was only $1,920 as of August, amounting to about $23,000 annually. ... the 2024 Annual Report of the Board of Trustees of the Federal Old-Age ...

6. Social Security (United States) - Wikipedia

   en.wikipedia.org/wiki/Social_Security_(United...

   Social Security payroll taxes are collected by the federal Internal Revenue Service (IRS) and are formally entrusted to the Federal Old-Age and Survivors Insurance (OASI) Trust Fund and the federal Disability Insurance (DI) Trust Fund, the two Social Security Trust Funds. [8][9] Social Security revenues exceeded expenditures between 1983 and 2009 [10] which increased trust fund balances. The ...

7. Social Security: New Data Shows Program’s Major Trust Funds ...

   www.aol.com/social-security-data-shows-program...

   In a recent report, the nonpartisan Congressional Budget Office analyzed current Social Security trust funds, which are used to pay part of the program’s benefits. Based on its analysis, the CBO ...