Why is DOGE targeting the Social Security Administration for cuts, staff reductions, if there will be no savings to the Fed budget? Social Security administrative costs are paid from the trust funds, and these costs are under 1%.
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Social Security administrative costs, paid from the trust funds, typically amount to 1% or less of the combined trust fund costs. Compared to the amount of annual benefits, the administrative costs amount to only 0.5 %, far below the percentages for private retirement annuities
Both Social Security benefits and administrative expenses are paid from the two Social Security trust funds, the Old-Age and Survivors Insurance (OASI) Trust Fund and the Disability Insurance (DI) Trust Fund, which are financed through dedicated payroll taxes.
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