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Which of these statements is accurate regarding Social Security? Social Security retirement benefits benefits will no longer be paid to retirees when the Federal OldAge
Which of these statements is accurate regarding Social Security?
Social Security retirement benefits benefits will no longer be paid to retirees when the Federal OldAge and Survivors Insurance Trust Fund, which funds Social Security retirement, runs out.
If nothing changes, when the social security, Federal OldAge and Survivors Insurance Trust Fund runs out of the benefits can still be paid by the people working and paying into Social Security at that time.
Your Social Security contributions accumulate in a personal account during your working years, creating a savings balance from which retirement, disability, and health benefits are later paid to you.
The OldAge and Survivor's Trust Fund is scheduled to run out next year.
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