In Texas, Social Security benefits are not subject to garnishment, attachment, execution, or any other legal process, except as specifically allowed by federal law. This means that these benefits are generally protected from creditors and cannot be taken to pay off most types of debt.
Under Texas law, when calculating child support, the court includes Social Security benefits, among other sources of income, as part of an individual's net resources. This affects how much a person may be required to pay in child support.
Social Security benefits are included in the list of exempt personal property under Texas law. This means that these benefits are protected from seizure by creditors, ensuring that individuals can rely on their Social Security benefits for retirement or disability without fear of losing them to debt collectors.
In the event of a worker's death, Social Security benefits that the decedent was entitled to receive are exempt from creditors' claims against the estate. This protection ensures that the benefits can pass to the decedent's legal dependents without being used to pay the decedent's debts.
FICA requires that a percentage of an employee's paycheck is withheld for Social Security taxes, and employers must contribute an equal amount. Self-employed individuals pay both the employee and employer portions of the tax. The funds collected under FICA are allocated to the Social Security Trust Funds, which finance the Old-Age, Survivors, and Disability Insurance (OASDI) programs.
This act provides the framework for the Social Security Administration to administer benefits. It defines how benefits are calculated based on a worker's earnings history and age at retirement. The act also includes provisions for disability benefits and benefits for survivors of deceased workers. Amendments to the act have expanded its scope over time to include Medicare and Supplemental Security Income (SSI).
The 1983 amendments phased in a gradual increase in the full retirement age from 65 to 67, taxed Social Security benefits under certain conditions, and provided coverage to federal employees. The amendments aimed to address funding shortfalls and demographic changes affecting the Social Security system.
The act provides beneficiaries with disabilities the opportunity to seek employment and still receive health care and other benefits. It established the Ticket to Work program, which offers beneficiaries vocational rehabilitation, training, job referrals, and other employment support services.