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Social Security was controversial when originally proposed, with one point of opposition being that it would reduce the labor force, but supporters argued instead that retiring older workers would free up employment for young men, which during the Depression was a vital point of concern. Opponents also decried the proposal as socialism.
A government audit revealed that the Social Security Administration had incorrectly listed 23,000 people as dead in a two-year period. These people sometimes faced difficulties in convincing government agencies that they were actually alive; a 2008 story in the Nashville area focused on a woman who was incorrectly flagged as dead in the Social Security computers in 2000 and had difficulties ...
The Death Master File is a subset of the Social Security Administration's Numident database file, computerized in 1961, [3] which contains information about all Social Security numbers issued since 1936. The Death Master File is considered a public document under the Freedom of Information Act, and monthly and weekly updates of the file are ...
Retired Social Security. In the United States, Social Security is the commonly used term for the federal Old-Age, Survivors, and Disability Insurance ( OASDI) program and is administered by the Social Security Administration (SSA). [ 1] The Social Security Act was passed in 1935, [ 2] and the existing version of the Act, as amended, [ 3 ...
If you start to get benefits at age 62, your monthly benefit is cut by 30% to $1,400 to account for the longer time you’ll receive benefits. This decrease is usually permanent. If you choose to ...
Utah allows for a tax credit for Social Security payments based on adjusted gross income thresholds of $37,000 for single filers, $31,000 for married filing separately and $62,000 for married ...
The Social Security Administration collects payroll taxes and uses the money collected to pay Old-Age, Survivors, and Disability Insurance benefits by way of trust funds. When the program runs a surplus, the excess funds increase the value of the Trust Fund. As of 2021, the Trust Fund contained (or alternatively, was owed) $2.908 trillion. [4]
124%. 116%. 70. 132%. 124%. Data source: Social Security Administration. The table shows that if your full retirement age is 67 (as it is for anyone born in 1960 or later) and you collect as soon ...