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.

AI illustration

How this image was made

AI-generated illustration of Old-Age Reserve Account

This AI-generated illustration was produced by black-forest-labs/FLUX.2-dev (1024x1024) from a prompt written by openai/gpt-oss-120b from the entity's label + description.

Prompt

Generate an image of the Old-Age Reserve Account (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