I’ve had several clients call concerned about the government
shutdown effecting Social Security payments. While the problems caused by the
shutdown are significant, essential
services, such as public safety operations and Medicare payments have
continued.
Additionally, the shutdown should have little effect
on Social Security checks. According to the Social Security Administration's shutdown
contingency plan, most core programs and benefits continue in the event of
a shutdown. A shutdown only affects funds annually appropriated by Congress,
not funding that is sustained long-term. The Social Security trust fund is paid
for through a combination of taxes and long-term investments.
Other core functions like disability claims or
appeals over benefits would continue to function. While previous shutdowns have
led to the furlough of Social Security employees and some services, a full-year
funding agreement for the Social Security Administration was reached in
September so the agency is not affected this time around.
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