Social Security Benefit

GPTKB entity

Statements (88)
Predicate Object
gptkbp:instanceOf social insurance
social welfare program
Government Program
gptkbp:administeredBy gptkb:Social_Security_Administration
gptkb:government
gptkbp:age 62
gptkbp:alternativeName Social_Security_Scheme
Social_Security_program
social_security_benefit
gptkbp:annualStatement Social Security Statement
gptkbp:application Yes
gptkbp:appliedThrough gptkb:Social_Security_Administration
gptkbp:benefit gptkb:Disability_benefit
disabled individuals
over 65 million (2023)
Disabled individuals
Retirees
Surviving spouses
retired individuals
surviving family members
Child benefit
Children of deceased workers
Retirement benefit
Spousal benefit
Spouses of retirees
Survivor benefit
gptkbp:benefitsAdjustedBy cost-of-living adjustments
gptkbp:benefitsBasedOn earnings record
gptkbp:canBeDirectDeposited Yes
gptkbp:canBeReceivedByCheck Yes
gptkbp:contribution gptkb:FICA_tax
gptkb:SECA_tax
Yes
6.2%
gptkbp:country gptkb:United_States
gptkbp:covers survivors
workers
dependents
self-employed individuals
gptkbp:eligibility Work credits
gptkbp:employerContributionRate 6.2%
gptkbp:established 1935
gptkbp:establishedBy gptkb:Social_Security_Act
gptkbp:establishedIn 1935
gptkbp:example gptkb:National_Insurance_(UK)
gptkb:United_States_Social_Security
gptkb:Employees'_Provident_Fund_(India)
gptkbp:fullRetirementAge 66
67
gptkbp:fundedBy payroll taxes
Payroll taxes
gptkbp:headquarters gptkb:Woodlawn,_Maryland
gptkbp:increasedIfDelayed Yes
gptkbp:largestFederalProgram yes
gptkbp:maximumLoanAmount Varies by earnings history
gptkbp:maximumTaxableEarnings $160,200 (2023)
gptkbp:minimumBenefit Varies by earnings history
gptkbp:modulatedBy Cost-of-living adjustment (COLA)
gptkbp:notMeansTested Yes
gptkbp:notSubjectToGarnishmentFor Most debts
gptkbp:originatedIn 20th century
gptkbp:payoutFrequency Monthly
gptkbp:paysMonthlyBenefits yes
gptkbp:provides gptkb:hedge_fund
disability benefits
retirement benefits
supplemental income
survivor benefits
survivors benefits
gptkbp:purpose provide financial support
Provide financial support to disabled individuals
Provide financial support to retirees
Provide financial support to survivors of deceased workers
gptkbp:reducedIfClaimedEarly Yes
gptkbp:relatedTo gptkb:Medicare
gptkb:Supplemental_Security_Income
social insurance
public pension
gptkbp:subjectToEarningsTest Yes
gptkbp:subjectToGarnishment In some cases
gptkbp:subjectToGarnishmentFor gptkb:Alimony
Child support
Federal taxes
gptkbp:taxCollectedBy gptkb:Internal_Revenue_Service
gptkbp:taxStatus Yes
gptkbp:website https://www.ssa.gov/
gptkbp:bfsParent gptkb:Social_Security_Administration
gptkbp:bfsLayer 3