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it was never transferred to the general fund.

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12y ago
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12y ago

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Q: Who voted to transfer social security funds into general fund?
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Related questions

Who funds social security?

we do from working.


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


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.


Medicare funds are collected by?

social security adminisration


Does us government contribute to social security funds?

NO


Medicare funds are collected by what?

social security adminisration


Why did social security start?

because of retirement funds


Will Republicans use funds from social security to fund the tax cut?

There is no evidence to suggest that Republicans intend to use funds from Social Security to fund the tax cut. Social Security operates on its own funding system through payroll taxes and has a separate trust fund specifically designated for it. Any changes to Social Security funding would require separate legislation.


Is my unemployment used as income for social security benefits?

No. They are separate funds.


What happens to the funds acculmulated over a period of time of a Nursing Home Resident who received Social Security benefits but has since died?

Nursing Home resident has accumulated a large sum of money in her account, from which social security benefits were received. Resident has since died, the family was told that the funds will be returned to Social Security. Why? Should these funds not be transferred to the individuals Estate?


How much money has been taken from social security and put into the general fund?

The Social Security Trust Fund was established in 1939 to receive monies collected for Social Security through payroll taxes. The monies in this fund are managed by the Department of the Treasury; they are not, nor have they ever been, put into the "general operating fund."However, the Social Security Act specifies that the monies in the fund may "be invested in securities backed by the full faith and credit of the Federal government," such as treasury bills, treasury notes, and treasury bonds, as well as special issue bonds. So, essentially, the government can "invest" Social Security funds by lending them to itself, then spending that money on programs not related to Social Security (e.g., defense, foreign aid, education). This has always been the case.During the Johnson administration, Social Security and other Federal programs that operate through trust funds were counted officially in the budget. This did not mean that it was actually part of the general fund, rather that it was finally recorded as part of the budget.


What president balanced the budget without using Social Security funds?

Truman