Social Security is indeed a federal benefit program, not “earned income,” as Frank Kline asserts in his June 10 letter, “What did they do with our money?”. Consider the following:
My grandfather joined the program when it was first introduced. He made payments to the system for about a year and then retired. He received benefit payments immediately. His first monthly payment exceeded the amount he contributed the previous year. He collected benefit payments until his death.
If a husband with young children dies, his children are eligible for Social Security payments until they reach the age of 18.
If the elderly parents of a legal immigrant are brought to this country, the parents are eligible for Social Security payments without ever paying a dime into the system.
If a husband and wife work for 40 years each and retire together at the age of 65, then go on a vacation and both die in a car accident, what happens to their “investment”?
The system keeps it, except for a burial payment of $250 each.
Everette E. Tompkins