SSI celebrates its 50th Anniversary this year! President Richard Nixon signed the bill in 1972 and the first payments were delivered in 1974. Fifty years later, the SSI program remains a staple resource for 7.5 million people with limited income and resources.
What is SSI? SSI stands for Supplemental Security Income. It is another program run by the Social Security Administration.
Who is SSI for? SSI provides monthly benefits to qualified people with limited income and resources. Eligible beneficiaries may include those who are blind, age 65 or older, those who have a qualifying disability, or even children who are blind or have a disability.
Can one receive SSI in addition to Social Security benefits? Yes. People who are eligible for SSI may also be eligible for Social Security benefits.
How is SSI different from Social Security benefits? Both programs are run by the Social Security Administration and both provide monthly benefits, however these programs are different. Social Security benefits are funded by FICA and SECA taxes while SSI is funded by general funds of the U.S. Treasury.
How is an SSI payment determined? How much one receives monthly will depend on several factors including but not limited to their income, living situation, and things they own.
Learn more about SSI.
