Social Security is one system. It consists of two funds that provide three forms of insurance. Its disability, retirement, and survivors protections work together to cover many of the economic risks families face every day. Social Security provides this insurance through two trust funds: the Disability Insurance (DI) Trust Fund and the Old Age and Survivors Insurance (OASI) Trust Fund. … Continue reading Social Security 1-2-3
Tag: future of social security
Why Start An Online Social Security Account?
Since 2012, the Social Security Administration has scaled back the mailing of paper statements after it established a website, My Social Security, that offered access to that information online. The agency was able to save on the costs of mailing paper records—in 2018, the total cost was $7.6 million, compared to $24 million in 2016. … Continue reading Why Start An Online Social Security Account?