Old-Age Reserve Account

E1714

Social Security trust fund federal trust fund

The Old-Age Reserve Account was a federal trust fund established to accumulate and manage payroll tax revenues used to finance retirement benefits under the early U.S. Social Security system.

Jump to: Surface forms Statements Referenced by

Observed surface forms (3)

Surface form	Occurrences
Federal Old-Age and Survivors Insurance Trust Fund	1
Old-Age and Survivors Insurance Trust Fund	1
Social Security trust fund system	1

Statements (30)

Predicate	Object
instanceOf	Social Security trust fund ⓘ federal trust fund ⓘ
administeredBy	Social Security Board ⓘ United States Department of the Treasury ⓘ surface form: United States Treasury
appliesTo	old-age benefits ⓘ retirement benefits ⓘ
appliesToJurisdiction	United States government ⓘ surface form: United States federal government
basedOn	contributory social insurance principles ⓘ
benefits	eligible aged beneficiaries ⓘ retired workers ⓘ
country	United States of America ⓘ surface form: United States
dissolvedOrAbolished	1940 ⓘ
finances	old-age insurance benefits ⓘ
fundedBy	Federal Insurance Contributions Act taxes ⓘ payroll taxes ⓘ
hasPurpose	to build reserves for future Social Security benefit payments ⓘ to ensure solvency of early Social Security old-age benefits ⓘ
inception	1937 ⓘ
legalForm	trust fund account in the U.S. Treasury ⓘ
legislatedBy	Social Security Act of 1935 ⓘ
locatedIn	United States Department of the Treasury accounting system ⓘ
partOf	United States Social Security system ⓘ
relatedTo	United States Social Security system ⓘ surface form: Old-Age and Survivors Insurance Old-Age Reserve Account self-linksurface differs ⓘ surface form: Social Security trust fund system
replacedBy	Old-Age Reserve Account self-linksurface differs ⓘ surface form: Federal Old-Age and Survivors Insurance Trust Fund
sector	public finance ⓘ social insurance ⓘ
use	accumulating payroll tax revenues ⓘ financing retirement benefits ⓘ managing payroll tax revenues ⓘ

Referenced by (4)

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

Social Security Act of 1935 → creates → Old-Age Reserve Account ⓘ

United States Social Security system → hasTrustFund → Old-Age Reserve Account ⓘ

this entity surface form: Old-Age and Survivors Insurance Trust Fund

Old-Age Reserve Account → relatedTo → Old-Age Reserve Account self-linksurface differs ⓘ

this entity surface form: Social Security trust fund system

Old-Age Reserve Account → replacedBy → Old-Age Reserve Account self-linksurface differs ⓘ

this entity surface form: Federal Old-Age and Survivors Insurance Trust Fund