Old-Age Reserve Account

E1714

The Old-Age Reserve Account was a federal trust fund established to accumulate and manage payroll tax revenues used to finance retirement benefits under the early U.S. Social Security system.

All labels observed (4)

How this entity was disambiguated

Statements (30)

Predicate Object
instanceOf Social Security trust fund
federal trust fund
administeredBy Social Security Board
United States Treasury
appliesTo old-age benefits
retirement benefits
appliesToJurisdiction United States federal government
basedOn contributory social insurance principles
benefits eligible aged beneficiaries
retired workers
country United States
dissolvedOrAbolished 1940
finances old-age insurance benefits
fundedBy Federal Insurance Contributions Act taxes
payroll taxes
hasPurpose to build reserves for future Social Security benefit payments
to ensure solvency of early Social Security old-age benefits
inception 1937
legalForm trust fund account in the U.S. Treasury
legislatedBy Social Security Act of 1935
locatedIn United States Department of the Treasury accounting system
partOf United States Social Security system
relatedTo Old-Age and Survivors Insurance
Social Security trust fund system
replacedBy Federal Old-Age and Survivors Insurance Trust Fund
sector public finance
social insurance
use accumulating payroll tax revenues
financing retirement benefits
managing payroll tax revenues

How these facts were elicited

Referenced by (5)

Full triples — surface form annotated when it differs from this entity's canonical label.

Social Security Act of 1935 creates Old-Age Reserve Account
Old-Age Reserve Account replacedBy Federal Old-Age and Survivors Insurance Trust Fund
linked to: Old-Age Reserve Account
Old-Age Reserve Account relatedTo Social Security trust fund system
linked to: Old-Age Reserve Account
United States Social Security system hasTrustFund Old-Age and Survivors Insurance Trust Fund
linked to: Old-Age Reserve Account
Social Security Trust Funds funds Old-Age and Survivors Insurance Trust Fund
linked to: Old-Age Reserve Account