social security administration what does it do?
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The Social Security Administration assigns Social Security numbers, and administers the Social Security retirement, survivors, and disability insurance programs. They also administer the Supplemental Security Income program for the aged, blind, and disabled.
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Information on U.S. Social Security enrollment and benefits can be found at the website of the Social Security Administration. ... SSA may require you to appear in person to submit your SSA application.
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Social Security is Not a Pension The Social Security Administration (SSA) also applies an annual COLA to payments, similar to public pensions. However, Social Security payments are not designed to provide a living wage like many pensions. They are intended to supplement your other retirement income.
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Social Security Disability Insurance (SSDI) is a social insurance program under which workers earn coverage for benefits, by working and paying Social Security taxes on their earnings. ... For those who can no longer work due to a disability, our disability program is there to replace some of their lost income.
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The SSI Program is a federally funded program which provides income support to eligible individuals who are aged 65 or older, blind or disabled. SSI benefits are also available to qualified blind or disabled children. The SSP Program is the state program which augments SSI.
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Social Security and Income Redistribution: Social Security is a system enacted by federal law that takes a portion of a worker's paycheck and puts it into a trust fund to be used for retirement. The payment are taken from a person's paycheck by an employer and paid to the U.S. Treasury.
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This publication, Understanding the Benefits, explains the basics of the Social Security retirement, disability, and survivors insurance programs. The current Social Security system works like this: when you work, you pay taxes into Social Security. We use the tax money to pay benefits to: ... People who are disabled.
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The SSI Payment Formula The Social Security Administration, known as SSA, figures your federal SSI benefit by deducting your countable unearned income and your countable earned income from the maximum Federal Benefit Amount of $783 for individuals and $1,175 for a couple. The remainder is your Federal Amount Payable.
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Supplemental Security Income (SSI) is a federal program that provides monthly payments to people who have limited income and few resources. SSI is for people who are 65 or older, as well as for those of any age, including children, who are blind or who have disabilities.
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Social Security helps older Americans, workers who become disabled, and families in which a spouse or parent dies. ... But Social Security was never meant to be the only source of income for people when they retire. Social Security replaces a percentage of a worker's pre-retirement income based on your lifetime earnings.
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Social Security replaces a percentage of a worker's pre-retirement income based on your lifetime earnings. The amount of your average wages that Social Security retirement benefits replaces varies depending on your earnings and when you choose to start benefits.
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You need a social security number to get hired, collect social security benefits, and to obtain some other government services. The United States grants legal workers benefits—including retirement, survivor, and disability benefits—that are financed by the Social Security Administration.
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Applying for a New Number or Replacement Card The SSA may assign a new Social Security number to you if you are being harassed, abused, or are in grave danger when using the original number, or if you can prove that someone has stolen your number and is using it.
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Did Social Security Send Someone to Spy on You? The Social Security Administration hires state police to investigate some people who apply for disability benefits. That doesn't happen in every case—anecdotally, we only see it in about 5% of cases.
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En español | The Social Security Administration recalculates your retirement benefit each year after getting your income information from tax documents. ... If your recent earnings make the top 35, it will increase the monthly average and your benefit payment.
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A Social Security number (SSN) is a nine-digit number that the U.S. government issues to all U.S. citizens and eligible U.S. residents who apply for one. The government uses this number to keep track of your lifetime earnings and the number of years worked.
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Social Security is the term used for the Old-Age, Survivors, and Disability Insurance (OASDI) program in the United States, run by the Social Security Administration (SSA), which is a federal agency. While best known for retirement benefits, it also provides survivor benefits and disability income.