United States Social Security system
E9559
The United States Social Security system is a federal program that provides retirement, disability, and survivors’ benefits funded primarily through payroll taxes to offer income security for eligible workers and their families.
All labels observed (12)
Statements (51)
| Predicate | Object |
|---|---|
| instanceOf |
federal government program
ⓘ
social insurance program ⓘ |
| administeredBy |
Social Security Administration
ⓘ
United States government ⓘ
surface form:
U.S. federal government
|
| benefitFormulaBasis |
age at claiming
ⓘ
earnings history ⓘ number of covered work credits ⓘ |
| benefitIndexation | cost-of-living adjustments ⓘ |
| COLABasis | Consumer Price Index ⓘ |
| componentProgram |
Disability Insurance
ⓘ
United States Social Security system self-linksurface differs ⓘ
surface form:
Old-Age and Survivors Insurance
|
| contributionType | mandatory for covered employment ⓘ |
| country |
United States of America
ⓘ
surface form:
United States
|
| coverageScope |
many self-employed workers in the United States
ⓘ
most wage and salary workers in the United States ⓘ |
| disabilityDefinition | inability to engage in substantial gainful activity ⓘ |
| enactedInYear | 1935 ⓘ |
| excludesProgram | Supplemental Security Income ⓘ |
| financingMechanism | pay-as-you-go ⓘ |
| fullRetirementAgeRange | 65 to 67 ⓘ |
| geographicCoverage |
District of Columbia
ⓘ
all U.S. states ⓘ certain U.S. territories ⓘ |
| hasIdentificationNumber | Social Security number ⓘ |
| hasTrustFund |
Social Security Disability Insurance
ⓘ
surface form:
Disability Insurance Trust Fund
Old-Age Reserve Account ⓘ
surface form:
Old-Age and Survivors Insurance Trust Fund
|
| legalBasis | Social Security Act of 1935 ⓘ |
| managingAgencyHeadTitle | Commissioner of Social Security ⓘ |
| policyGoal |
provide basic income floor
ⓘ
reduce poverty among the elderly ⓘ |
| primaryFundingSource | payroll taxes ⓘ |
| providesBenefitType |
dependent benefits
ⓘ
disability benefits ⓘ lump-sum death benefit ⓘ retirement benefits ⓘ spousal benefits ⓘ survivors benefits ⓘ |
| purpose |
income security for survivors
ⓘ
income security in case of disability ⓘ income security in old age ⓘ |
| relatedProgram |
Medicare
ⓘ
Supplemental Security Income ⓘ |
| signedIntoLawBy |
President Franklin D. Roosevelt
ⓘ
surface form:
Franklin D. Roosevelt
|
| targetPopulation |
disabled workers
ⓘ
eligible workers ⓘ retirees ⓘ surviving family members ⓘ |
| taxName |
Federal Insurance Contributions Act tax
ⓘ
Self-Employment Contributions Act tax ⓘ |
| taxType | regressive payroll tax with wage cap ⓘ |
| typicalEligibilityAge | 62 ⓘ |
Referenced by (21)
Full triples — surface form annotated when it differs from this entity's canonical label.
this entity surface form:
Old-Age and Survivors Insurance
this entity surface form:
Social Security
this entity surface form:
Old-Age and Survivors Insurance program
this entity surface form:
Social Security
this entity surface form:
Old-Age, Survivors, and Disability Insurance
this entity surface form:
Social Security
United States Social Security system
→
componentProgram
→
United States Social Security system
self-linksurface differs
ⓘ
this entity surface form:
Old-Age and Survivors Insurance
this entity surface form:
Old-Age, Survivors, and Disability Insurance
this entity surface form:
Social Security
this entity surface form:
Social Security program
this entity surface form:
Social Security program
this entity surface form:
Social Security retirement insurance
this entity surface form:
United States social insurance system
this entity surface form:
Old-Age and Survivors Insurance
this entity surface form:
Old-Age, Survivors, and Disability Insurance program
this entity surface form:
U.S. Social Security program
this entity surface form:
United States Social Security Act framework
this entity surface form:
United States Social Security legislation