Not affiliated with The United States Office of Personnel Management or any government agency

Not affiliated with The United States Office of Personnel Management or any government agency

Social Security benefits to be expanded

social securityWe all have money in trust fund accounts that we want to save for situations where we would fall in desperate need of cash. The best part about this type of held cash is that no creditor can touch it. If you are having problems with your credit card or any other payments, you can go ahead and get a small part of your salary taken away and deducted each time till you end up paying your debt to the creditor; but thankfully for all the trust fund cash holders, this is not the case. Even if the creditor gets a court order, the money is beyond their access because it’s held in trust.

Social security is the fund!

Social security is the trust fund that’s applicable to the federal retirees and the officers. These benefits are held in trust fund accounts. Once you decide to get the money that is held in this account of yours, you are saved from the grasps of the creditors and can claim each and every single penny that you deserve. If a company takes the case to court over the attainment of any of your funds, the case is going to get dismissed without any proceedings. This is the power of your social security.

Even financial institution are incapable of getting hands on your trust funds unlike your wages and other accounts. There is a catch though; how could there not be? There is this one entity that can come in and swoop away all your benefits. Yes, you guessed it right; it’s the federal government. Courtesy of the debt collection improvement act, the government has got complete authority of taking away parts of your social security pertaining to any loans you might have taken. This is not something that just exists on paper as a government authority; there have been cases where this has actually happened.

All in all, this is something that should be given attention by the government as such trust funds are meant to be expanded by them and not scooped away.

Search for Public Sector Retirement Expert.

Receive the Best advice.

PSR Experts can help you determine if Public Sector Retirement is right for you or if you should look for alternatives.

The Best Advice creates
the best results.

Recent Articles

Your Next Federal Pay Raise Might Come With a Tradeoff—Here’s What to Watch

Key Takeaways The 2025 federal pay raise may coincide with cost-saving reforms that could reduce future retirement income or shift...

How to Make the Most of Your FEDVIP Plan Without Paying for Extras You Don’t Need

Key Takeaways You can significantly reduce your dental and vision care expenses in retirement by tailoring your FEDVIP plan to...

Dropping FEGLI Too Early Could Leave Your Family Exposed—Here’s a Safer Option

Key Takeaways Cancelling your FEGLI coverage too soon in retirement can unintentionally leave your loved ones without sufficient financial protection...

Search For Public Sector Retirement Expert

Receive the Best advice.

PSR Experts can help you determine if
Public Sector Retirement is right for you or if you should
look for alternatives.

The Best Advice creates

the best results.

Subscribe to our Newsletter

"*" indicates required fields

This field is for validation purposes and should be left unchanged.

Our Readers Deserve The Best PSHB and USPS Health Benefits Guidance

Licensed insurance agents who understand PSHB, Medicare, and USPS Health Benefits Plan are encouraged to apply for a free listing.

Book Phone Consultation

"*" indicates required fields

This field is for validation purposes and should be left unchanged.

Get In Touch

Stay up to date on the latest information about Public Sector Retirement.

The Best Advice Creates The Best