U.S. Social Security benefits

URI: https://gptkb.org/entity/U.S._Social_Security_benefits
GPTKB entity
Statements (50)
Predicate Object
gptkbp:instanceOf gptkb:government_agency
gptkbp:adjustedForInflation yes
gptkbp:administeredBy gptkb:Social_Security_Administration
gptkbp:age 62
gptkbp:annualCostOfLivingAdjustment yes
gptkbp:annualTrusteesReport yes
gptkbp:appliesTo U.S. citizens
legal residents
gptkbp:benefit children
disabled individuals
over 65 million (2023)
retirees
spouses
surviving family members
gptkbp:benefitFormula based on earnings history
gptkbp:canBeClaimedOnline yes
gptkbp:canBeIncreasedBy delayed retirement credits
gptkbp:compatibleWith most non-citizens without legal status
state income tax in most states
gptkbp:country gptkb:United_States
gptkbp:DI Disability Insurance
gptkbp:establishedBy gptkb:Social_Security_Act
gptkbp:establishedIn 1935
gptkbp:fullRetirementAge 66
67
gptkbp:fundedBy payroll taxes
https://www.w3.org/2000/01/rdf-schema#label U.S. Social Security benefits
gptkbp:largestFederalProgram yes
gptkbp:maximumTaxableEarnings $160,200 (2023)
gptkbp:monthlyAverageBenefit $1,827 (2023)
gptkbp:monthlyPayments yes
gptkbp:notMeansTested yes
gptkbp:numberOfWorkCreditsRequired 40
gptkbp:OASI gptkb:Old-Age_and_Survivors_Insurance
gptkbp:provides disability benefits
retirement benefits
survivors benefits
spousal benefits
gptkbp:reduces early retirement
gptkbp:requiresWorkCredits yes
gptkbp:subject federal income tax
gptkbp:subjectToEarningsTest before full retirement age
gptkbp:subjectToGovernmentPensionOffset yes
gptkbp:subjectToWindfallEliminationProvision yes
gptkbp:taxStatus partially
gptkbp:trust gptkb:DI
gptkb:OASI
gptkbp:website https://www.ssa.gov/benefits/
gptkbp:bfsParent gptkb:U.S._citizens_worldwide
gptkbp:bfsLayer 8