Question about Computers & Internet
It's true that Social Security retirement payments are classified as "federal benefit payments." The word "benefits" has been applied to Social Security retirement payments since the Social Security program was enacted in the 1930s. The terminology is also not unique to Social Security, as the phrase "federal benefit payments" applies to a broad class of payments made to (or on behalf of) individuals under federal government programs - everything from Social Security Disability Insurance to Medicare to farm subsidies are considered "federal benefit payments." The fact that workers themselves contribute much of the money that goes into the Social Security retirement fund doesn't affect its classification as a benefit. They benefit the person who cashes the check.
Posted on Feb 18, 2015
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