Definition
A program administered by the Social Security Administration that provides monthly cash payments (sometimes called old-age insurance benefits) for people age 62 and older who are fully insured. Workers may retire at age 62 and receive a reduced benefit or may wait until age 65 and receive a full benefit. Benefit amounts depend upon wages earned and the number of quarters of coverage credited to the individual's Social Security record.
URL Name
NS-7000-8000
Third Level Code
NS-7000
Taxonomy Code
NS-7000.8000
Parent Code
NS-7000
Family Code
N
Second Level Code
NS
Fourth Level Code
NS-7000-8000
Publication Status
Online