A separate account in US Treasury used to pay for monthly benefits to disabled-worker beneficiaries and their spouses and children. The account is funded by a proportion of the taxes received under the Federal Insurance Contributions Act and the Self-Employment Contributions Act. Amounts not needed for current expenses are required by law to be invested in interest-bearing Federal securities.
Related information about disability insurance trust fund:
- Disability Insurance Trust Fund
The Disability Insurance Trust Fund is a separate account in the United States Treasury. A fixed proportion (dependent on the allocation of tax rates by trust fund ) ...
- Disability Insurance Trust Fund - Social Security
Trust Fund Data. Financial data. Data on DI receipts and expenditures follow the summary table below. Disability Insurance Trust Fund, 1957-2011 [In millions] ...
- Disability Insurance Trust Fund Definition | Investopedia
The Disability Insurance Trust Fund receives deposits from FICA considered to be over and above the amount needed for day-to-day operations of disability ...
- Social Security (United States) - Wikipedia, the free encyclopedia
Tax deposits are formally entrusted to the Federal Old-Age and Survivors Insurance Trust Fund, the Federal Disability Insurance Trust Fund, the Federal Hospital ...
- Disability Insurance: One More Trust Fund Going Broke
Aug 11, 2011... over when the Social Security and Medicare trust funds will go broke, spend a little time worrying about the Disability Insurance trust fund.
- Federal Disability Insurance Trust Fund - Social Security
Federal Disability Insurance Trust Fund. Adjustment for disability costs: 221(e). Appropriations: 201(b). Authority to lend: 1817. Balance: 709. Bequests; gifts: ...
- What is Social Security Disability Insurance? | National Academy of ...
In 2011, the disability insurance trust fund received $106.3 billion, mainly from the 0.9 percent tax on wages that workers and employers both pay.
- Disability Insurance News Flash: No News Here | Strengthen Social ...
Concern has been raised that as early as 2017 the Social Security Disability Insurance Trust Fund will not be able to pay 100 percent of promised benefits.