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  2. Social Security Trust Fund - Wikipedia

    en.wikipedia.org/wiki/Social_Security_Trust_Fund

    The Social Security Administration collects payroll taxes and uses the money collected to pay Old-Age, Survivors, and Disability Insurance benefits by way of trust funds. When the program runs a surplus, the excess funds increase the value of the Trust Fund. As of 2021, the Trust Fund contained (or alternatively, was owed) $2.908 trillion. [4]

  3. Social Security Administration - Wikipedia

    en.wikipedia.org/wiki/Social_Security_Administration

    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 ...

  4. Here Are the Average Social Security Benefits at Ages 62, 67 ...

    www.aol.com/average-social-security-benefits...

    70. $1,963. $2,180. $1,744. Data source: Social Security Administration. Benefits rounded to the nearest whole dollar. Again, these amounts will likely change because of COLAs, but it gives ...

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  6. Social Security (United States) - Wikipedia

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

    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 ...

  7. Social Security Payment Schedule 2023: What Dates To Watch ...

    www.aol.com/finance/social-security-payment...

    The new payment amounts in 2023 will reflect an increase of 8.7%, which is the highest adjustment the Social Security Administration has offered since 1981 and is the fourth biggest COLA in the ...

  8. Social Security COLA 2023: When Will My Benefits Increase Begin?

    www.aol.com/finance/social-security-cola-2023...

    For anyone receiving Social Security benefits, the new payment amount will start in January 2023, according to the SSA. For those receiving Supplemental Security Income (SSI), the new payment ...

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