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The Supplemental Security Income (SSI) program, enacted in 1974, is
a needs-based program that provides cash benefits designed to
ensure a minimum income to aged, blind, or disabled persons with
limited income and assets. The SSI program is a means-tested
program that does not have work or contribution requirements, but
restricts benefits to those who meet asset and resource
limitations. In July 2012, the SSI program had over 8.2 million
participants, who received just under $4.6 billion in benefits. In
FY2011, the total net cost of the SSI program was $52.9 billion,
including $49.0 billion in federal benefit payments. Funding for
the SSI program is provided by Congress in the annual Departments
of Labor, Health and Human Services, Education and Related Agencies
appropriations bill. This book provides select analysis of current
benefits of the program, with a focus on income/resource limits and
accounts exempt from benefit determinations; and better management
oversight needed for children's benefits.
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