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Can Va take percent of Social Sec funds?
No, the Department of Veterans Affairs (VA) cannot take a percentage of Social Security funds. Social Security benefits and VA benefits are separate and administered by different government agencies. VA benefits are based on military service and disabilities, while Social Security benefits are provided to individuals who have paid into the Social Security system through employment.
How much has the Government pilfered from the Social Security and Medicare funds since inception?
16 trillion Dollars
Can a creditor freeze your bank account although im on social security?
Social Security funds are protected against a lien on your checking account. However you will have to prove that the funds in your account are from Social Security. If there are other funds "commingled" then unprotected funds may be seized
Who funds social security?
we do from working.
What government organization handles the funds for the medicare program?
The Social Security administration is responsible for collecting and handling the funds.
How will the bailout affect Social Security?
No effect at present. Social security trust funds are not being used in the bailout. Of course, there is an ongoing concern that the funds in social security are insufficient to meet future demands. It would be difficult to be more precise than this, because the government will be buying "troubled assets" that may have value in the future.
Medicare funds are collected by?
social security adminisration
Medicare funds are collected by what?
social security adminisration
Why did social security start?
because of retirement funds
What are intragovernmental holdings?
Intragovernmental Holdings are Government Account Series (GAS) securities held by government trust funds, revolving funds and special funds; plus Federal Financing Bank securities. The Intragovernmental Holdings are primarily composed of the Medicare Trust Fund and Social Security Trust Fund.
Is my unemployment used as income for social security benefits?
No. They are separate funds.
How do younger workers pay for social security benefits to retired workers?
Younger workers pay for social security benefits to retired workers through payroll taxes. A portion of their wages is deducted and paid into the Social Security trust fund. These funds are then used to pay benefits to current retirees. When the younger workers themselves retire, the next generation of workers will contribute to their benefits.
