Search results
Results from the WOW.Com Content Network
Supplemental Security Income (SSI) is a means-tested program that provides cash payments to disabled children, disabled adults, and individuals aged 65 or older who are citizens or nationals of the United States. [1] SSI was created by the Social Security Amendments of 1972 and is incorporated in Title 16 of the Social Security Act. The program ...
The State Supplement Program (SSP or SSI/SSP), not to be confused with SNAP, is the state supplement to the U.S. federal Supplemental Security Income (SSI) program and provides state funded supplement benefits to SSI recipients. [1] This program aims at providing a complementary financial support to individuals and couples who are elderly ...
1974 – Supplemental Security Income, a United States government program that provides stipends to low-income people who are either blind or otherwise disabled, or aged 65 or older [107] was created in 1974 to replace federal-state adult assistance programs that served the same purpose.
The 1972 Amendments replaced these programs with the SSI program. SSA was assigned responsibility for the SSI program and began operations in 1974. [45] Federal benefit payments up to $943 for an SSI individual and $1,371 for an SSI couple are available from the program. SSI benefits are paid out of the general revenue of the United States of ...
To qualify for SSI, beneficiaries must generally earn less than $1,971 per month from work. They must also have less than $2,000 in resources per individual , or $3,000 per couple.
Under the 1983 amendments to Social Security, a previously enacted increase in the payroll tax rate was accelerated, additional employees were added to the system, the full-benefit retirement age was slowly increased, and up to one-half of the value of the Social Security benefit was made potentially taxable income. [67] [68]
The purpose of these two 1980s-era programs was "so that there was no way you could 'double dip' into both a federal pension and Social Security," explains Jill Schlesinger, CBS News business analyst.
Income Limits 2024. Income Limits 2025. Benefit Reductions. If you're under FRA. $22,320 per year. $23,400 per year. $1 for every $2 over the limit. If you'll reach your FRA this year