Budgetary treatment of social security administrative expenses
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Budgetary treatment of social security administrative expenses hearing before the Subcommittee on Social Security of the Committee on Ways and Means, House of Representatives, One Hundred Second Congress, first session, February 21, 1991. by United States. Congress. House. Committee on Ways and Means. Subcommittee on Social Security.

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Published by U.S. G.P.O., For sale by the Supt. of Docs., Congressional Sales Office, U.S. G.P.O. in Washington .
Written in English

Subjects:

Places:

  • United States.

Subjects:

  • United States. Social Security Administration -- Appropriations and expenditures.,
  • United States. Social Security Administration -- Management.,
  • Social security -- United States.

Book details:

Classifications
LC ClassificationsKF27 .W347 1991a
The Physical Object
Paginationiii, 90 p. :
Number of Pages90
ID Numbers
Open LibraryOL1666560M
LC Control Number91601118

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The Social Security Administration’s programs touch nearly every member of the public at critical junctures in their lives: when they reach retirement age, when they become disabled, or when they lose a loved one. Our goal is to provide timely, quality Social Security services using st. century technology and business processes. FUNDING SOCIAL SECURITY’S ADMINISTRATIVE COSTS: WILL THE BUDGET MEET THE MISSION? WEDNESDAY, U.S. SENATE, COMMITTEE ON FINANCE, Washington, DC. The hearing was convened, pursuant to notice, at a.m., in room SD–, Dirksen Senate Office Building, Hon. Max Baucus (chairman of the committee) presiding. This is outrageous. Social Security is extremely efficient. It spends less than a penny of every dollar on administrative expenses. The rest is paid in benefits. But even that level of administrative expense is too much for today’s Republicans. In every year since , Congress has allowed SSA to spend only percent. It is time to stop. The table below shows Social Security administrative expenses, by trust fund. Since , such expenses have totaled one percent or less of combined expenditures from the trust funds. Administrative expenses as a percentage of total expenditures,

The BEA budget treatment of Social Security basically remains the law to the present day. Specifically, present law mandates that the two Social Security Trust Funds, and the operations of the Postal Service, are formally considered to be "off-budget" and no longer part of the unified federal budget. Indeed, the majority of elderly beneficiaries get 50% or more of their income from Social Security, while millions get 90% or more from it, per the Social Security Administration. The "referendum. My Social Security account. Social security beneficiaries can obtain helpful information from the Social Security Administration's website with a my Social Security account. See Social Security and Railroad Retirement Benefits, later. This publication concerns people with disabilities and those who care for them. It includes highlights about. The Social Security Administration (SSA): Budget Request and Appropriations Congressional Research Service 1 Introduction The Social Security Administration (SSA) oversees programs that touch the lives of millions of American families and are key components of the nation’s economic safety net. The Old-Age.

expressing concern that the Social Security Administration (SSA) was using unobligated balances in the annual Limitation on Administrative Expenses (LAE) appropriation to fund investments in information technology (IT) rather than to find and prevent wasteful spending for erroneous benefits. To address this concern, we reviewed the LAE.   Administrative costs can be kept low The Social Security system already spends $2 billion a year to administer retirement and survivors benefits. * Inclusion of Social Security Administrative Expenses Under the Spending Limits and Deficit-Reduction Targets: Under the prior law Social Security administrative expenses were subject to sequestration if the deficit targets were exceeded. The law stated that Social Security "shall not" be counted as budget authority or outlays for.   General and administrative expense is those expenditures required to administer a business, and which are not related to the construction or sale of goods or services. This information is needed to determine the fixed cost structure of a business. Examples of general and administrative expenses are: Accounting staff wages and benefits. Building rent.