Social Security Administration (SSA),
Definition of Social Security Administration (SSA):
United States agency in charge of regulating and adhering to polices related to social security benefits. The independent agency was established under the Social Security Act of 1935 and is a subdivision of Department of Health and Human Services. Branches of the Social Security Administration can be found in cities across the United States and these various branches are used by citizens to deal with all social security related services and/or needs.
The Social Security Administration (SSA) is a U.S. government agency that administers social programs covering disability, retirement, and survivors' benefits. It was created in 1935 by President Franklin D. Roosevelt. Previously operating under the Department of Health and Human Services, the SSA has operated as a wholly independent agency since 1994.
Social Security is a vital part of the retirement income planning strategy of many Americans, particularly as savings rates remain low. However, the breadth of services the SSA provides spans many vital areas of the U.S. social safety net. For example, in January 2020, about 64 million Americans, including retired workers, disabled workers, and survivors, received over one trillion dollars in Social Security benefits, according to the SSA.
How to use Social Security Administration (SSA) in a sentence?
- The SSA is also responsible for issuing Social Security numbers, administering benefits, and managing the program's finances and trust fund. Every year it issues a financial report.
- The benefits administered include social security retirement income and disability income programs, among others.
- The Social Security Administration (SSA) is the organization that oversees and runs the Social Security program in the United States.
Meaning of Social Security Administration (SSA) & Social Security Administration (SSA) Definition