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It will not unless our country has no money ever again but that will not ever happen.
Money that is collected from employees and employers via the FICA tax goes into the social security fund. The fund is "invested" completely in government bonds that pay interest to the fund. The fund pays the benefits for social security. At the present rate of pay-out and collection, the fund will run out of money in about 2040.
The problem is that even before the fund runs out of money, it will have to start cashing in its bonds and the money will have to be found from other taxes.
People who are working will have to pay more in taxes in order to pay benefits to to growing number of retired people. Benefits are not likely to be stopped but there will surely be pressure to reduce them.
Wiki User
∙ 12y ago
Wiki User
∙ 11y agoYour disability benefits will continue as long as your medical condition has not improved and you cannot work. See the related link for further information.
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What year will social security run out?
2040
Will social security benefits be enough to provide through the average persons retirement?
No, social security benefits are expected to run out after 2020.
Who is subject to social security tax?
In the State of Ohio, state employees do not pay Social Security. They pay into a state run pension plan.
Why do ex-cops run security jobs?
For the money!
What would happen if states were in charge of the postal service?
In some states you would actually see the postal system work but in others you would see them be worse , you just have to look at states that sort of have those things in place like in Texas insted of having social security there citizens have the choice to put there money in to a private social security run by the private sector and it actually gives more money out to the citizins when they retire then the current federal social security system that will run out in the next few years
Who is medicare part A run by?
the local social security administration office
One of the greatest domestic issues within the US involves social security. What is the growing concern regarding social security?
The resources will run out before citizens reach retirement.
What is the elimination period for social security disability benefits?
For the disability income insurance run by the Social Security Administration, the elimination period is five months. Source : Insurance Producer
Where can I find more information online about social security retirement?
The Social Security Retirement Planner, website www.ssa.gov/retire2/, is a government-run website that has everything you need to know about social security retirement. The site helps you plan and know how much you will be getting for retirement.
Is Medicaid a state run or federal run program?
Medicaid is State-run and Federally subsidized.
Which of the following New Deal measures is still part of American life today?
The Social Security Act is still a government run program that is continued to this day.
Do car insurance have the right to ask for social security?
Yes. They need this to run a credit check on you.
