When people talk about Social Security, they are often talking about the benefits you get when you reach the designated age of retirement. This age of retirement is determined by the year in which you were born, because Congress has raised the retirement age on sliding scale several times over the years as way to save money on the program, which is often running short of funds.
The retirement program is technically called the Old Age and Retirement Benefits program and is administered by the United States Social Security Administration (SSA). This is the same agency that runs the Social Security Disability Insurance (SSDI) benefits program and the Supplemental Security Income (SSI) program. Continue reading