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- Social Security trust funds are accounts managed by the U.S. Treasury. The two funds take in Social Security payroll taxes from workers and their employers and pay out benefits to Social Security recipients. They invest any surplus in special issue U.S. government debt securities.
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Aug 31, 2021 · “Having strong Social Security and Medicare programs is essential in order to ensure a secure retirement for all Americans, especially for our most vulnerable populations,” Treasury Secretary Janet L. Yellen said.
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The Social Security trust funds are financial accounts in the U.S. Treasury. There are two separate Social Security trust funds, the Old-Age and Survivors Insurance (OASI) Trust Fund pays retirement and survivors benefits, and the Disability Insurance (DI) Trust Fund pays disability benefits.
To learn more about how to easily switch from a paper check to an electronic payment option, visit Treasury’s Go Direct website or call the Treasury’s Electronic Payment Solution Center at 1-800-333-1795. You can also create a my Social Security account and start or change Direct Deposit online.
The Old-Age and Survivors Insurance Trust Fund and the Disability Insurance Trust Fund comprise the Social Security trust funds. Both funds are managed by the Department of the Treasury through their Bureau of the Fiscal Service.
May 8, 2024 · The Social Security trust funds are owned by the U.S. Department of the Treasury. There are two trust funds: The Old-Age and Survivors Trust Fund (OASI) and the Disability Insurance (DI)...