United States Social Security Administration
The United States Social Security Administration (SSA) manages the United States' social insurance program, consisting of retirement, disability, and survivors benefits. To qualify for these benefits, most American workers pay Social Security taxes on their earnings; future benefits are based on the employees' contributions The SSA began existence as the Social Security Board (SSB), created as part of the New Deal program of President Franklin D. Roosevelt, by the Social Security Act of 1935. The Board consisted of three presidentially-appointed executives, and started with no budget, no staff, and no furniture. It obtained a temporary budget from the Federal Emergency Relief Administration headed by Harry Hopkins.
In 1935, Congress passed and President Franklin D. Roosevelt signed into law the Social Security Act. This law created a system of Federal old-age benefits for workers and their families. In 1956, the law was amended to also provide disability benefits. Social Security is composed of two separate entities: The Old Age and Survivors program and the Disability program. Each program has separate finances, but for the purpose of simplicity, the figures shown below reflect the combination of both programs unless otherwise stated. The Supplemental Security Income program provides benefits for aged, blind, and disabled people without regard to prior workforce participation. It is administered by the Social Security Administration, but it is not funded by Social Security taxes.