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It helps pay for the people that are retired now....soon people will be paying for us when we are seniors but now we pay for the senior citizens now
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∙ 14y ago
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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.
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.
How can you get the balance you owe to social security?
One has to apply for their Social Security. If an application has been made and there are monies owing to you then it is important to contact your local Social Security office and file a claim for the funds that are owed to you.
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.
Did Obama approve funds on social security card so the number on the back can be used to pay bills?
No. No such thing happened.
Medicare funds are collected by?
social security adminisration
What is to pay funds?
social service
How much did you pay in to social security 1937-1979?
How much did i pay into social security
Do you pay social security out of uc check?
does unemployment check pay into social security
Does us government contribute to social security funds?
NO
Medicare funds are collected by what?
social security adminisration
