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Four basic types of Social Security benefits are paid based on the record of your earnings: retirement, disability, dependents, and survivors benefits. These benefits all fall under the OASDI program.
The maximum benefit depends on the age you retire. For example, if you retire at full retirement age in 2022, your maximum benefit would be $3,345. However, if you retire at age 62 in 2022, your maximum benefit would be $2,364. If you retire at age 70 in 2022, your maximum benefit would be $4,194.
Four basic types of Social Security benefits are paid based on the record of your earnings: retirement, disability, dependents, and survivors benefits. These benefits all fall under the OASDI program.
In addition to the program we now think of as Social Security, it included unemployment insurance, old-age assistance, aid to dependent children and grants to the states to provide various forms of medical care.
To protect aged and disabled persons against the expenses of illnesses that may otherwise use up their savings; To keep families together; and. To give children the chance to grow up healthy and secure.
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Social Security is committed to helping maintain the basic well-being and protection of the people we serve. We pay benefits to about 64 million people including retirees, children, widows, and widowers. From birth, to marriage, and into retirement, we are there to provide support throughout life's journey.
Here are 10 things you can do to safeguard your SSN: Offer an Alternative Form of ID. ... Ask Why They Want It and How It Will Be Handled. ... Leave Your Card at Home. ... Shred Mail and Documents With Personal Details. ... Don't Use Your SSN as a Password. ... Don't Send Your SSN via an Electronic Device. ... Don't Give It out to Strangers.
The Social Security Act gave the board three major assignments. Public Assistance. This was a federal-state program designed to provide assistance on the basis of need for persons over 65 years of age, dependent children and the needy blind. ... Unemployment Compensation. ... Old-Age Insurance.
Roosevelt in 1935, created Social Security, a federal safety net for elderly, unemployed and disadvantaged Americans. The main stipulation of the original Social Security Act was to pay financial benefits to retirees over age 65 based on lifetime payroll tax contributions.
Social Security pays five types of benefits: Retirement. Disability. Spouse's/dependent children. Survivors. Medicare.

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