Social Security Administration (SSA)
Definition - What does Social Security Administration (SSA) mean?
The Social Security Administration (SSA) is a U.S. Federal Government agency that administers the Old-Age, Survivors, and Disability Insurance (OASDI) federal program, more commonly known as Social Security. The agency collects payroll taxes from all working individuals for funding Social Security. The contributions made by an individual determine their eligibility for future Social Security Benefits.
Justipedia explains Social Security Administration (SSA)
The Social Security Administration (SSA) was created by the Social Security Act in 1935. It was initially called the Social Security Board until 1946 when, under President Harry S. Truman's reorganization plan, the name was changed to the Social Security Administration. Between 1953 and 1994, the SSA was under the Department of Health, Education, and Welfare, but after 42 U.S. Code § 901was enacted, it again became an independent agency.
The main role of the SSA is to administer Social Security, which consists of retirement, survivors, and disabled social insurance programs. These programs provide monthly benefits to the disabled or aged workers as well as their spouses and children; in case of death, Social Security is often given to the survivors of the workers. The SSA also provides its services to the Medicare program by determining the eligibility of the applicants and processing some premium payments.