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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 ...
Social Security (United States) 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 ...
Social Security is a program run by the federal government that provides income for a wide range of Americans, including retirees, the disabled and families with a deceased spouse or parent. As of ...
The Social Security Act was enacted August 14, 1935 (89 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.
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 ...
Source: Social Security Administration. Chart by author. Those COLAs may seem modest, but even a $60 bump per month amounts to $720 more over the course of the year.
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