Social Security Administration Definition
The Social Security Administration, or SSA, is the agency within the federal government that administers the Social Security system.
Social Security Administration Extended Definition
The SSA administers Social Security benefits and provides Social Security numbers. Social Security benefits include retirement, disability, and survivors benefits.
Social Security benefits are funded through a payroll tax known as Social Security tax. Both employers and employees contribute a Social Security tax rate of 6.2% of an employee’s wages up to the Social Security wage base.
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