Don't worry, senior citizens. You'll still get your Social Security checks if the federal government shuts down next week.
the 12 appropriation bills that fund federal agencies before the new fiscal year starts on October 1. If that happens, many federal operations will come to a halt and hundreds of thousands of federal workers will be furloughed.
The reason the payments can continue to be made is because they are mandatory spending and because the money comes from a trust fund, said Jason Fichtner, chief economist at the Bipartisan Policy Center and former acting deputy commissioner at the Social Security Administration. "We will continue activities critical to our direct-service operations and those needed to ensure accurate and timely payment of benefits," the agency said in its contingency plan.
Overall, the Social Security Administration would furlough only about 8,500 of its nearly 62,000 workers, according to the contingency plan.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Government shutdown-related Google searches on Social Security, veterans benefits spike over 5,000% Monday morningAmericans are asking, ‘How will a government shutdown affect me?’ Here’s what you need to know.
Weiterlesen »
5 Social Security scams (and how to avoid them)Social Security benefits are an essential part of your retirement finances, so be sure to watch for these scams.
Weiterlesen »
Do you pay taxes on Social Security benefits?Some Social Security recipients pay taxes on their benefits — but not all. Here's who will need to pay up for 2022.
Weiterlesen »
WATCH: Rep. Brad Finstad on the farm bill: 'Food security is national security'The farm bill expires on Sept. 30, and members of Congress are developing their drafts for its renewal as the government works to avoid a shutdown. The farm bill is passed roughly every five years, each getting a unique title. The current farm bill, the Agriculture Improvement Act of 2018, was…
Weiterlesen »
I Don't Trust People Who Claim They Don't Like McDonald'sDo the people who claim they hate McDonald's really dislike the food, or is their distaste about something deeper?
Weiterlesen »
Social Security payments will continue if the government shuts down. Here's what to knowDon't worry, senior citizens. You'll still get your Social Security checks if the federal government shuts down next week.
Weiterlesen »