Social Security


Social Security (SSI) or more formally Old-Age, Survivors, and Disability Insurance (OASDI) is a Government Benefit that was created by the Social Security Act in 1935 and is administered by the Centers for Medicare and Medicaid Services

To qualify for most of these benefits, most workers pay Social Security taxes on their earnings; the claimant's benefits are based on the wage earner's contributions.

Social Security is funded by Employee Payroll Tax and from a matching Tax paid by the employer

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