United States Social Security system

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The United States Social Security system is a federal program that provides retirement, disability, and survivors’ benefits funded primarily through payroll taxes to offer income security for eligible workers and their families.

All labels observed (12)

How this entity was disambiguated

Statements (51)

Predicate Object
instanceOf federal government program
social insurance program
administeredBy Social Security Administration
U.S. federal government
benefitFormulaBasis age at claiming
earnings history
number of covered work credits
benefitIndexation cost-of-living adjustments
COLABasis Consumer Price Index
componentProgram Disability Insurance
Old-Age and Survivors Insurance
contributionType mandatory for covered employment
country United States
coverageScope many self-employed workers in the United States
most wage and salary workers in the United States
disabilityDefinition inability to engage in substantial gainful activity
enactedInYear 1935
excludesProgram Supplemental Security Income
financingMechanism pay-as-you-go
fullRetirementAgeRange 65 to 67
geographicCoverage District of Columbia
all U.S. states
certain U.S. territories
hasIdentificationNumber Social Security number
hasTrustFund Disability Insurance Trust Fund
Old-Age and Survivors Insurance Trust Fund
legalBasis Social Security Act of 1935
managingAgencyHeadTitle Commissioner of Social Security
policyGoal provide basic income floor
reduce poverty among the elderly
primaryFundingSource payroll taxes
providesBenefitType dependent benefits
disability benefits
lump-sum death benefit
retirement benefits
spousal benefits
survivors benefits
purpose income security for survivors
income security in case of disability
income security in old age
relatedProgram Medicare
Supplemental Security Income
signedIntoLawBy Franklin D. Roosevelt
targetPopulation disabled workers
eligible workers
retirees
surviving family members
taxName Federal Insurance Contributions Act tax
Self-Employment Contributions Act tax
taxType regressive payroll tax with wage cap
typicalEligibilityAge 62

How these facts were elicited

Referenced by (21)

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

Old-Age Reserve Account partOf United States Social Security system
Old-Age Reserve Account relatedTo Old-Age and Survivors Insurance
linked to: United States Social Security system
Medicare linkedTo Social Security
linked to: United States Social Security system
Social Security Amendments of 1939 creates Old-Age and Survivors Insurance program
linked to: United States Social Security system
Social Security Amendments of 1950 legalSubject Social Security
linked to: United States Social Security system
Federal Insurance Contributions Act taxes funds Old-Age, Survivors, and Disability Insurance
linked to: United States Social Security system
2000 United States presidential election campaignIssue Social Security
linked to: United States Social Security system
United States Social Security system componentProgram Old-Age and Survivors Insurance
linked to: United States Social Security system
Social Security Amendments of 1972 affectsProgram Old-Age, Survivors, and Disability Insurance
linked to: United States Social Security system
Social Security Amendments of 1972 relatedProgram Social Security
linked to: United States Social Security system
Eisenhower administration maintained Social Security program
linked to: United States Social Security system
SSA responsibleFor Social Security program
linked to: United States Social Security system
SSA administers Social Security retirement insurance
linked to: United States Social Security system
SSA partOf United States social insurance system
linked to: United States Social Security system
Social Security Disability Insurance partOf United States Social Security system
Social Security Act amendments affects Old-Age and Survivors Insurance
linked to: United States Social Security system
National Average Wage Index jurisdiction United States Social Security system
National Average Wage Index covers Old-Age, Survivors, and Disability Insurance program
linked to: United States Social Security system
Social Security retirement benefits partOf U.S. Social Security program
linked to: United States Social Security system
Social Security Amendments of 1994 partOf United States Social Security Act framework
linked to: United States Social Security system
Social Security Amendments of 1956 partOf United States Social Security legislation
linked to: United States Social Security system