You need a Social Security number to get a job, collect Social Security benefits and get some other government services. Trial begins today in federal district court in Boston against insurance giant Unum Group (NYSE: UNM – News ) on whether Unum is dumping tens of thousands of disability claims onto the overburdened Social Security system, costing the government millions of dollars.
An individuals earnings in or after the month they reach full retirement age will not reduce their Social Security benefits however their benefits will be reduced if their earnings exceed certain limits for the months before they reach full retirement age.
The new job will give McNulty an opportunity to tackle one of his pet peeves: The budget trick that allows annual surpluses in the Social Security trust fund – overpayments from workers and their employers – to be used for funding other government operations.
The Social Security Administration manages the Nation’s social insurance program-consisting of retirement, survivors, and disability insurance programs-commonly known as Social Security; administers the Supplemental Security Income program for the aged, blind, and disabled; assigns Social Security numbers to U.S. citizens; and maintains earnings records for workers under their Social Security numbers.
Congressman Earl Pomeroy (D-ND), Chairman of the House Ways and Means Committee Subcommittee on Social Security, announced today that the Subcommittee will hold a hearing on the continued importance of Social Security for seniors, survivors, and persons with disabilities and their families as the program approaches its 75th anniversary.