Are Social Security Payments At Risk?

Social_security_2013Many federal payments will be delayed indefinitely if the federal government shuts down next Monday night.

But it’s very likely that the nearly 58 million people who receive Social Security benefits would still be paid on time, at least if the law and history are any guide.

For starters, funding for Social Security is considered “mandatory” and therefore not subject to the annual appropriations process.

Translation: The money that funds benefits is automatically authorized and not dependent on Congress coming to a compromise on a new federal spending measure by Monday night.

 

Source: CNN Money

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News Talk Florida Staff