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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 ...
According to the Social Security Administration's most recent estimates from May 2024, the trust funds could run dry by 2035. At that point, the program's income sources would only be enough to ...
The Social Security Administration is set to implement new rules to make it easier for beneficiaries to access certain benefits and increase the payments some may receive.. The new changes affect ...
For individuals who receive Supplemental Security Income (SSI) benefits in addition to Social Security, the SSI Federal Payment Standard will rise to $943 a month in 2024 from $914 in 2023. For ...
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.
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 Administration allows you to apply for benefits as early as four months before you’re eligible to be approved. For example, if you turn 62 in June — which is the earliest ...