![]() Social Security – Just Facts[1] "2. Annual Report of. Board of Trustees of The Federal Old- Age. Survivors Insurance and Disability. Insurance Trust Funds." United States Social. Security Administration, July 2. Annual Report of the Board of. Trustees of The Federal Old- Age and. Survivors Insurance and Disability Insurance. Trust Funds." United States Social Security. Administration, July 2. Page 8: "Table II. C1 presents key demographic and. Navorsinge van die Nasionale Museum, Bloemfontein is an accredited journal which publishes original research results on topics related to the approved research.Birth Weight, Ethnicity, and Exposure to Trihalomethanes and Haloacetic Acids in Drinking Water during Pregnancy in the Born in Bradford Cohort. The Evil Queen, also known as the Wicked Queen or just the Queen, and sometimes instead identified by her given name as Queen Grimhilde, is the primary antagonist in. The. intermediate assumptions reflect the Trustees' best estimates. Therefore, most of the figures in this overview. Any. projection of the future is, of course, uncertain. For this reason. the Trustees also present results under low- cost and high- cost. Page 1. 8: "Uncertainty of the Projections …. Significant uncertainty surrounds the. The Social Security Act of 1. United States Social Security. Administration. http: //www. The Social Security Act (Act of August 1. House Resolution 7. An act to provide for the general welfare by. Federal old- age. States. to make more adequate provision for aged. Social. Security Board; to raise revenue; and for. Report: "Major Decisions in the House. Senate on Social Security." By Geoffrey Kollmann and Carmen Solomon- Fears. Domestic. Social Policy Division, Social Security. Administration, March 2. House Resolution] 7. Social Security. Amendments of 1. President. Eisenhower on August 1, 1. The amendments. provided benefits, after a 6- month waiting. DI) trust fund. The Social Security program. Annual Report of the Board of. Trustees of The Federal Old- Age and. Survivors Insurance and Disability Insurance. Trust Funds." United States Social Security. Administration, March 2. OACT/TR/TR0. 8/tr. Page 1. 31: "The Federal Old- Age and Survivors. Insurance (OASI) Trust Fund was established. January 1, 1. 94. United States Treasury. The Federal. Disability Insurance (DI) Trust Fund. United. States Treasury, was established on August. All the financial operations of the. OASI and DI programs are handled through. Report: "Social Security Policy. Options." Congressional Budget Office, July. Revenues from payroll taxes and from taxes. Social Security trust funds—one for OASI. Old- Age and Survivor's Insurance] and one. DI [Disability Insurance]. The program's. benefits and administrative costs are paid. Legally, the two funds are. OASDI trust funds.". Report: "Charting the Future of Social. Security's Disability Programs: The Need for. Fundamental Change." Social Security. Advisory Board, January 2. Page 2 (in pdf): "[The] Social Security. Advisory Board [is] an independent. Board created by the Congress and. President and the Congress. President, the Congress, and. Commissioner of Social Security on. Social Security and. Supplemental Security Income programs.". Page ii: "SUPPLEMENTAL SECURITY INCOME (SSI). Treasury.". [8] Calculated with data from. Annual Report of the Board of Trustees. The Federal Old- Age and Survivors. Insurance and Disability Insurance Trust. Funds." United States Social Security. Administration, July 2. Pages 5. 7- 5. 8: "Table IV. B2.—Covered Workers. Beneficiaries, Calendar Years 1. Beneficiaries with monthly benefits in. June 3. 0.". "Monthly Population Estimates for the United. States: April 1, 2. December 1, 2. 01. U. S. Census Bureau, Population Division. Monthly, January 2. December 2. 01. 4. Resident Population … July 1, 2. CALCULATION: 5. 7,4. Report: "Summary of Major Changes in the Social Security. Cash Benefits Program: 1. By Geoffrey Kollmann. Library of. Congress, Congressional Research Service. Updated December 2. Pages 1- 2: ". THE SOCIAL SECURITY ACT OF 1. Nearly all workers in commerce and industry under age 6. Old- Age Insurance program. Principal groups excluded from the program. Page 4. 1. 95. 0 Amendments. The 1. 95. 0 amendments substantially expanded. Old- Age and Survivors. Insurance (OASI) program by extending. Covered regularly employed farm and domestic. Americans employed outside the. United States by American employers, and. Puerto Rico and the Virgin. Islands. Not- for- profit organizations could. State and local governments. Page 1. 6- 1. 7. 1. Amendments. Coverage of federal civilian employees. December 3. 1, 1. Members of. Congress, the President, and the Vice. President) and Federal judges, effective. January 1. 98. 4. Compulsory coverage of all employees of. January. 1. 98. 4 and a ban on the termination of. NOTES. - "Unlike nearly all. Social Security." [Report. Reducing the Deficit: Spending and Revenue. Options." Congressional Budget Office, March. For example, Illinois's. Social Security…." [Article. The Illusion of Pension Savings." By Mary. Williams Walsh. New York Times. September 1. 7, 2. Report: "Annual Statistical Supplement. Social Security Bulletin, 2. Social Security Administration, Office of. Research, Evaluation, and Statistics, February 1. NOTE: Table 2. A1 in this report provides. Covered employment. This table is available at. Web page: "Are members of religious groups exempt from. Social Security taxes? United States Social. Security Administration. Updated May 1. 2. Members of certain religious groups (including the Amish and Mennonites). Social Security taxes. To become exempt. Waive their rights to all benefits under. Social Security Act, including hospital. Meet the following requirements. Be a member of a recognized religious. Social Security). Be a member of a religious sect that makes a. December 3. 1, 1. Have never received or been entitled to. Social Security. programs. Annual Report of the Board of. Trustees of The Federal Old- Age and. Survivors Insurance and Disability Insurance. Trust Funds." United States Social Security. Administration, August 9, 2. OACT/TR/2. 01. 0/tr. Page 2. 16: "Payroll taxes. A tax levied on. the gross wages of workers.". Calculated with. data from. Dataset: "Old- Age and Survivors Insurance Trust Funds. In millions]." United States Social Security. Administration, Office of the Chief Actuary. Accessed. August 2. OACT/STATS/table. Dataset: "Disability Insurance Trust Fund Receipts [In millions], 1. United States Social Security Administration, Office of the Actuary. Accessed August 2. OACT/STATS/table. NOTE: An Excel file containing the data and. Report: "Overview of. Federal Tax System as in Effect for. U. S. Congress, Joint Committee on. Taxation, March 2. Page 1. 5. Social Security benefits and certain Medicare benefits are financed primarily by payroll. The Federal Insurance Contributions Act ("FICA") imposes tax on. The tax imposed. is composed of two parts: (1) the old age, survivors, and disability insurance ("OASDI") tax. Medicare hospital insurance ("HI") tax amount equal to 1. In. addition to the tax on employers, each employee is subject to FICA taxes equal to the amount of. The employee level tax generally must be withheld and remitted. Federal government by the employer. As a parallel to FICA taxes, the Self- Employment Contributions Act ("SECA") imposes. The rate of the. OASDI portion of SECA taxes is equal to the combined employee and employer OASDI FICA. FICA taxable wage base. Similarly. the rate of the HI portion is the same as the combined employer and employee HI rates and there. Since 1. 99. 4, the HI payroll tax has not been subject to a wage cap. Instead of FICA taxes, railroad employers and employees are subject, under the Railroad Retirement Tax. Act ("RRTA"), to taxes equivalent to the OASDI and HI taxes under FICA. Under RRTA, employers and. Annual Report of the Board of. Trustees of The Federal Old- Age and. Survivors Insurance and Disability Insurance. Trust Funds." United States Social Security. Administration, July 2. Page 1. 95: "This appendix does not include estimates for the Supplementary Medical. Insurance (SMI) program because adequate financing is guaranteed in the. SMI program is not financed through a payroll tax.". Page 1. 96: "Table VI. G1.—Contribution Rates. OASDI [Social Security] and HI. Medicare Hospital Insurance] Programs". Page 2. 28: "Medicare consists of two separate. Hospital Insurance. HI, Part A) and Supplementary Medical. Insurance (SMI).". NOTE: Hospital Insurance is financed via a. FICA) tax. Supplemental Medical. Insurance is not funded via a payroll tax. Annual Report of the Board of. Trustees of The Federal Old- Age and. Survivors Insurance and Disability Insurance. Trust Funds." United States Social Security. Administration, July 2. Page 1. 96: "Table VI. G1.—Payroll Tax Contribution Rates for the OASDI and HI Programs". Page 2. 28: "Medicare consists of two separate. Hospital Insurance. HI, Part A) and Supplementary Medical. Insurance (SMI).". NOTE: Hospital Insurance is financed via a.
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