3 ms·
How many states do you have where SS pays out pensions to people over 56 while people in the other states work until 65 or 67 and are supposed to fund it?
by roel_v 11y ago
How many states do you have where SS pays out pensions to people over 56 while people in the other states work until 65 or 67 and are supposed to fund it?
- Gibbon1 11y agoSS in the us is funded via a Federal tax on wages. Rules are uniform over the entire country. Also Social Security Disability Insurance covers disabled people, and it too is a Federal not state program. Unemployment insurance is a Federally mandated program that's administrated by the states. In 2009 California's unemployment fund was depleted and the Feds just loaned California money. Currently our fund is in the red by 8 billion. Does anyone care? No.