Archive for January, 2009
A Brief Look At The Social Security Trust Fund
When the federal government of the United States receives excess paid-in contributions from workers or employees into the Social Security system, it goes into the Social Security Trust Fund. This happens only after it is determined that these funds are not needed for benefit payments to senior citizens, their survivors or the disabled. After all [...]
What is the difference between Social Security and a private pension?
The Social Security system and private pensions are alike in that they provide retirees with guaranteed income upon retirement. They differ in how they are administered. Social security is overseen by the federal government, whereas private pensions are the sole responsibility of the companies that provide them.
For generations, American workers have relied on a combination [...]
