Sentences with phrase «into the social security trust»

If an individual pays $ 3,700 per year into the Social Security trust fund but simultaneously draws a net $ 25,000 per year (benefits minus taxes) out of general government revenue, the solvency of government has not improved.

Not exact matches

Had Social Security started investing in stocks in the early 1980s or late 1990s, she argues, the trust fund would be significantly more flush than it is now, even taking into account the bursting of the tech bubble in 2000 and the meltdown in 2008.

Representatives of infamous Financial Engineer Alfred Agbesi Woyome who is currently dragged before the Supreme Court to explain why he has still not paid the GHc51.2 million he illegally took from the government of Ghana have pitched camp at the precincts of the Social Security and National Insurance Trust (SSNIT) brandishing some documents demanding that the Trust forks out a whopping $ 6billion representing its 24 % shares in the phantom Green Township which has metamorphosed into a Special Economic Zone project (SEZ).

The Board of Trustees of the Social Security and National Insurance Trust (SNNIT) has begun investigations into how the former management acquired a OBS software System for sixty - six million dollars.

Despite pumping $ 72 million into a non-functional digitization project, it has emerged that Ghana's Social Security and National Insurance Trust (SSNIT) was struggling to pay salaries.

He did not mention, as far as the video shows, that 28 % of American workers DO pay payroll taxes, which goes into Social Security and Medicare trust funds.

The Social Security and National Insurance Trust (SSNIT), says it will collaborate with the Economic and Organized Crime Office (EOCO), in its investigations into the recent scandal that has hit the Trust.

The Founder of the Centre for Freedom and Accuracy, Andrew Awuni, has called for investigations into investment portfolios of Ghana's largest pension manager, the Social Security and National Insurance Trust (SSNIT).

The Economic and Organised Crimes Office (EOCO), has given itself a week more, to conclude investigations into how the Social Security and National Insurance Trust (SSNIT), spent a whopping $ 72 million on Operational Business Suite (OBS) in a bid to digitize the Trust.

However, even if the trust dries up and there isn't enough money to pay all the promised benefits, people will still be paying into the system and Social Security will be able to pay at least 75 percent of benefits.