Community Corner

Sequestration: What It Means For Social Security

Mandated budget cuts coming effective Friday could have an impact on social security.

First it was the "Fiscal Cliff"....Now "Sequestration" gets to take center stage.Β 

A set of mandated federal spending cuts due to take effect Friday if Congress and President Obama cannot reach an agreement will not include cuts to entitlement programs like Social Security.

According to CNBC:

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"The Social Security Administration would have to furlough workers for ten days or more. That would likely delay the processing of retirement and disability claims and a smaller staff would mean offices would be closed early or permanently, resulting in longer wait times for service. Social Security checks are still expected to be mailed."

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