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<blockquote data-quote="Fred&amp;#039;s Myth" data-source="post: 3213829" data-attributes="member: 55587">Quoted from the SSA website:&quot;The Social Security Trust Funds are the <a href="https://www.ssa.gov/oact/progdata/describeoasi.html" target="_blank">Old-Age and Survivors Insurance</a> (OASI) and the <a href="https://www.ssa.gov/oact/progdata/describedi.html" target="_blank">Disability Insurance</a> (DI) Trust Funds. These funds are accounts managed by the Department of the Treasury. They serve two purposes: (1) they provide an accounting mechanism for tracking all income to and disbursements from the trust funds, and (2) they hold the accumulated assets. These accumulated assets provide automatic spending authority to pay benefits. The Social Security Act limits trust fund expenditures to benefits and administrative costs.Benefits to retired workers and their families, and to families of deceased workers, are paid from the OASI Trust Fund. Benefits to disabled workers and their families are paid from the DI Trust Fund. More than 98 percent of total disbursements from the combined OASI and DI funds in 2016 were for benefit payments.&quot;</blockquote>

[QUOTE="Fred's Myth, post: 3213829, member: 55587"] Quoted from the SSA website: "The Social Security Trust Funds are the [URL='https://www.ssa.gov/oact/progdata/describeoasi.html']Old-Age and Survivors Insurance[/URL] (OASI) and the [URL='https://www.ssa.gov/oact/progdata/describedi.html']Disability Insurance[/URL] (DI) Trust Funds. These funds are accounts managed by the Department of the Treasury. They serve two purposes: (1) they provide an accounting mechanism for tracking all income to and disbursements from the trust funds, and (2) they hold the accumulated assets. These accumulated assets provide automatic spending authority to pay benefits. The Social Security Act limits trust fund expenditures to benefits and administrative costs. Benefits to retired workers and their families, and to families of deceased workers, are paid from the OASI Trust Fund. Benefits to disabled workers and their families are paid from the DI Trust Fund. More than 98 percent of total disbursements from the combined OASI and DI funds in 2016 were for benefit payments." [/QUOTE]

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