Social Security Found my answer...

[Oakenfold]

Anyone know if these go into a trust fund and administraitive costs are taken out etc?
Also is a system of partial advance funding used?

Yes, I do indeed have an Employee Benefits exam tommorrow...



EDITED

Okay as always I should have just done a GOOGLE! Thanks bigtime to GOOGLe!@

Social Security is deposited into a trust, I'm sure that Admin Expenses are taken out.
Partial Advance funding seems to be a way of the future instead of pay as you go which has been relied upon in the past.
Or at least that's what I got out of briefly going over several pages.
Maybe this will help someone else...

 

[charrison]

Originally posted by: Oakenfold
Anyone know if these go into a trust fund and administraitive costs are taken out etc?
Also is a system of partial advance funding used?

Yes, I do indeed have an Employee Benefits exam tommorrow...

It goes into the general fund and gets spent....

 

[Oakenfold]

Originally posted by: charrison

Originally posted by: Oakenfold
Anyone know if these go into a trust fund and administraitive costs are taken out etc?
Also is a system of partial advance funding used?

Yes, I do indeed have an Employee Benefits exam tommorrow...

It goes into the general fund and gets spent....

So it is a trust fund of sorts then?

 

[charrison]

Originally posted by: Oakenfold

Originally posted by: charrison

Originally posted by: Oakenfold
Anyone know if these go into a trust fund and administraitive costs are taken out etc?
Also is a system of partial advance funding used?

Yes, I do indeed have an Employee Benefits exam tommorrow...

It goes into the general fund and gets spent....

So it is a trust fund of sorts then?

It is a ponzi scheme. There is nothing to trust about the system.

 

[Oakenfold]

Originally posted by: charrison

Originally posted by: Oakenfold

Originally posted by: charrison

Originally posted by: Oakenfold
Anyone know if these go into a trust fund and administraitive costs are taken out etc?
Also is a system of partial advance funding used?

Yes, I do indeed have an Employee Benefits exam tommorrow...

It goes into the general fund and gets spent....

So it is a trust fund of sorts then?

It is a ponzi scheme. There is nothing to trust about the system.

LOL!
I wasn't asking opinions about it, just factual information..
Heh, got what I was looking for though....