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While FICA payroll taxes accounted for 90% of Social Security’s revenue in 2021, AARP reported, most of the rest was funded through the OASI trust fund and interest earned by the fund.
Social Security is a complex program, and one of the more confusing aspects is the financial state of its trust funds: the Old-Age and Survivors Insurance (OASI) fund (which covers retirement ...
One of the biggest impacts will happen after Social Security’s Old-Age and Survivors Insurance (OASI) Trust Fund runs out of money, which is expected to happen in about a decade. When it does ...
The OASI Trust Fund and the DI Trust Fund are legally separate. For employees and employers combined, the OASI payroll taxes are 10.6 percent and the DI payroll taxes are 1.8 percent. In 2022, trust fund reserves for the OASI and DI programs were $2.7 trillion and $118 billion, respectively.
The COVID-19 pandemic is an ongoing viral pandemic of coronavirus disease 2019 (COVID-19), a novel infectious disease caused by severe acute respiratory syndrome coronavirus 2 (SARS-CoV-2). The pandemic affected the city of Columbus, Ohio , as Ohio's stay-at-home order shuttered all nonessential businesses, and caused event cancellations into 2021.
Full map including municipalities. State, territorial, tribal, and local governments responded to the COVID-19 pandemic in the United States with various declarations of emergency, closure of schools and public meeting places, lockdowns, and other restrictions intended to slow the progression of the virus.
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The COVID-19 pandemic was confirmed to have reached the U.S. state of Ohio on March 9, 2020, when the state's first cases were reported. The first death from COVID-19 in Ohio was reported on March 19. Subsequently, records supported by further testing showed that undetected cases had existed in Ohio since early January, with the first confirmed ...