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In general, Social Security refers to public programs that provide income and services to people in the event of sickness, retirement, disability or unemployment. In the United States, the term Social Security refers to programs created in 1935 under the Social Security Act.
On May 12, 2009, Secretary of the Treasury Timothy Geithner announced that the United States' current recession has had an impact on the Social Security program. Officials now estimate that the Social Security trust fund will be exhausted as soon as 2037, which is four years earlier than what was estimated in 2008.CNN: Recession hits Social Security hard (May 12, 2009)
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Fast Facts
- Headquarters: Baltimore, Maryland (plus 10 additional regional offices)
- Commissioner: Michael J. Astrue
- Employees: 62,000
- Biggest expense of theFederal Government's budget
- The Federal Government must start paying back what it owes the Social Security trust fund in 2017 to continue paying out benefits at 100%
- 2008: Social Security will only be able to pay out an estimated 78% of benefits in 2041
- 2009: Social Security will only be able to pay out an estimated 76% of benefits beginning in 2037CNN: Recession hits Social Security hard (May 12, 2009)
- Social Security will be paying out more benefits than it is taking in in taxes by 2016CNN: Recession hits Social Security hard (May 12, 2009)
- 2004: U.S. Social Security system paid out nearly $500 billion in benefits
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Programs
Social Security in the United States typically refers specifically to the Old-Age/Retirement, Survivors, and Disability Insurance program, which provides financial benefits for retirees and those with disabilities. Other programs include the Hospital Trust Fund and the Supplementary Medical Trust Fund.
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Views: 31
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Page revenue is subject to change as we obtain data from our partners
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Social Security News
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Confetti made up of personal documents
The Post reported that some of the documents came from the Liberty Street financial firm AL Sarroff, including Social Security numbers and detailed banking ...MLB.com (November 07, 2009) -
Man who froze mother's body sentenced to 6 months in jail
By Victor Whitman MONTICELLO — A man who stuffed his 98-year-old mother's body in a freezer chest and then cashed her Social Security money was sentenced to ...Times Herald-Record (November 06, 2009) -
Seniors can boost their social security benefits by 're-retiring'
By KATHY KRISTOF The Social Security Administration recently announced that retirees would get no cost-of-living adjustments this year — and maybe not even ...Fort Worth Star Telegram (November 06, 2009) -
Detroit parents charged with selling kids' Social Security numbers
Detroit -- Twin sisters from Detroit are charged with selling their children's Social Security numbers so income tax filers could claim the kids as their ...The Detroit News (November 05, 2009)
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Social Security Links, Powered by Google Powered by Google
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Social Security Online - The Official Website of the U.S. Social ...
Official website of the U.S. Social Security Administration.ssa.gov -
Social Security: Retirement Planning & Benefits– AARP
Social Security protects the economic security of workers, retirees and their families. AARP helps you understand Social Security with expert advice, new, resources and tools, including a Social Security Benefit Estimator, online application, Retirement Calculator, and more. AARP also explains how President Obama’s stimulus package impacts retiree...aarp.org -
Social Security (United States) - Wikipedia, the free encyclopedia
Social Security (United States) - Wikipedia, the free encyclopediaen.wikipedia.org -
Social Security Death Index Interactive Search
Social Security Death Index Interactive Searchssdi.rootsweb.ancestry.com -
Social Security | LII / Legal Information Institute
Social Security | LII / Legal Information Institutelaw.cornell.edu -
Project on Social Security Choice
By 2012, Social Security will pay out more in benefits than it collects in revenues. Read about privatization and benefits of moving current Social Security systems capital into private pension funds.socialsecurity.org -
Social Security Number and Card
Social Security number & card: Get a new or replacement cardssa.gov
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Social Security on Amazon | View All
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Nolo's Guide to Social Security Disability: Getting & Keeping Your Benefits (including CD) - $29.99
Apply for Social Security Disability Insurance (SSDI) or Supplemental Security Income (SSI) and get the most assistance from the system Nolo's Guide to Social Security Disability is an essential book for anyone dealing...
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White Thong with You know that social security, they keep taking out of your paycheck? Well, it's going to me. - $12.99
5.8 oz., 100% combed ringspun cotton low-rise thong. 1x1 baby rib. 3/8 binding around matching elastic trim.
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Give Us Your Social Security Check 20x30 poster - $15.40
Series: Political HumorArtist: Wilbur PiercePeriod: Source country: USASource Year: 200520inch by 30 inch poster print on standard paper.All files are stored digitally ...
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The Social Security Benefits Handbook - $19.99
For those looking for accessible assistance in using and understanding Social Security benefits, attorney and former Social Security claims representative Stanley A. Tomkiel, III cuts through the complex issues and explains the benefits in ...
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The Social Security Answer Book - $14.95
This new title is an organized collection of actual questions asked by individuals from around the country to Social Security benefits expert Stanley A. Tomkiel, III. The questions are derived from emails received from real people asking re...
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Questions and Answers About Social Security | View All | Ask a Question
View All Social Security Questions (811) | Ask a QuestionGiven a choice between continuing Social Security or diverting pending funds to a Government guaranteed pension which would you choose? (1 Answer)I'd choose the government guaranteed pension fund, because of the "government guarantee" aspect. If the government can guarantee banks with trillion-dollar bailouts, it can guarantee my ability to eat as ... read moreWhy is Securitas Mobile different from other security companies? (1 Answer)The company apparently has a very broad range of commercial and residential services, including: * Retail security (like shopping malls) * Banking, High-Tech, and Telecom security (corporate security guards) * ... read moreWhat type of securities does Goldman Sachs sell? (1 Answer)stocks and bonds...bonds also, trades commodities but those aren't securities also sells advice but also not a security read moreCyber Security Experts (4 Answers)Yes and no. In fact, the whole science of cyber security was solved decades ago, such that if people would just read the manuals and follow the instructions when configuring ... read more
Ask a Question about Social Security 140 characters
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Social Security Blogs
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Social Security Numbers Published in Collier | WINK News - News ...
Collier County admits they may have thousands of pages of your personal information online for anyone to see.winknews.com (November 07, 2009) -
Lindsay Mitchell: If social security had been contained how much ...
Most of today's benefits were created at the point of passing the Social Security Act 1938 or after. During the post-war years benefit levels were reasonably stable despite population growth. For instance between 1940 and 1975 the ...lindsaymitchell.blogspot.com (November 07, 2009) -
Chaminade posted Social Security numbers of thousands of students ...
Chaminade University inadvertently posted confidential information, including Social Security numbers, of thousands of students, on its Web site for months, school officials said today. The posting of a report with the information was ...databreaches.net (November 07, 2009) -
Judges say too many claims are denied initially, sometimes for no ...
A recent article in the Buffalo News interviews two Social Security administrative law judges regarding the backlog of disability claims. The article cites several problems contributing to the backlog. For me, the most meaningful ...socialsecuritydisabilitylawyer.us (November 01, 2009)
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Social Security on Twitter Powered by Twitter
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New blog post: Sally Mae lost my social security information then canceled my loan!! http://bit.ly/4CsKh0
@GUMSBStudents | November 08, 2009 01:08 AM -
Medicare, Social Security, now a Health Care Bill..... What else can our Govt screw up?????
@iam4pghsteelers | November 08, 2009 12:55 AM -
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@tshalea I don't like the girl in the social security office!!! #insidejokes
@MrAshtonTaylor | November 08, 2009 12:51 AM -
Yes on h.r. 3200. Time for the last most delayed piece of social security and time for health security. #Hcr
@armanbarsamian | November 08, 2009 12:42 AM
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