United States Social Security

URI: https://gptkb.org/entity/United_States_Social_Security
GPTKB entity
Statements (53)
Predicate Object
gptkbp:instanceOf social insurance
gptkbp:administeredBy gptkb:Social_Security_Administration
gptkbp:amendedBy gptkb:Social_Security_Amendments_of_1956
gptkb:Social_Security_Amendments_of_1983
gptkbp:annualReport gptkb:Social_Security_Board_of_Trustees
gptkbp:badgeNumber Social Security Number
gptkbp:benefit over 65 million (2023)
gptkbp:benefitFormula progressive
gptkbp:benefitTaxation possible for higher incomes
gptkbp:childBenefits available
gptkbp:component gptkb:Supplemental_Security_Income
gptkb:Old-Age,_Survivors,_and_Disability_Insurance
gptkbp:contribution 6.2% employee, 6.2% employer
gptkbp:contributionsRequired 40 credits
gptkbp:costOfLivingAdjustments annual
gptkbp:country gptkb:United_States
gptkbp:criticizedFor long-term solvency concerns
regressive payroll tax
gptkbp:disabilityBenefits gptkb:Social_Security_Disability_Insurance
gptkbp:eligibility U.S. workers
certain dependents
gptkbp:established 1935
gptkbp:establishedBy gptkb:Social_Security_Act
gptkbp:firstPaymentYear 1940
gptkbp:firstRecipient gptkb:Ida_May_Fuller
gptkbp:fullRetirementAge 66-67
gptkbp:fundedBy payroll taxes
gptkbp:fundsHeldIn gptkb:Social_Security_Trust_Funds
gptkbp:headquarters gptkb:Woodlawn,_Maryland
https://www.w3.org/2000/01/rdf-schema#label United States Social Security
gptkbp:largestFederalProgram true
gptkbp:legislature gptkb:Social_Security_Act_of_1935
gptkbp:maximumTaxableEarnings $160,200 (2023)
gptkbp:medicareTax 1.45% employee, 1.45% employer
gptkbp:monthlyPayments yes
gptkbp:notMeansTested true
gptkbp:numberIssued Social Security Number
gptkbp:purpose provide retirement income
provide survivor benefits
provide disability income
gptkbp:relatedTo gptkb:Medicare
gptkb:Social_Security_Disability_Insurance
gptkb:Supplemental_Security_Income
gptkbp:replacesIncome partial
gptkbp:retired 62-70
gptkbp:spousalBenefits available
gptkbp:supports major source of retirement income for Americans
gptkbp:survivorBenefits available to spouses and children
gptkbp:taxCollectedBy gptkb:Internal_Revenue_Service
gptkbp:trustFundDepletionProjected 2034 (as of 2023)
gptkbp:website https://www.ssa.gov/
gptkbp:bfsParent gptkb:Social_Security_Benefit
gptkbp:bfsLayer 4