The Social Security Administration warned in a letter to employees that it may have to furlough workers if proposed cuts to its budget are enacted into law.

The agency, which is responsible for processing benefit applications, issuing checks to recipients and sending new Social Security cards out to families with newborns, referred in the letter Thursday to a continuing budget resolution proposed by congressional Republicans that would cut the SSA’s administrative funding by more than 9 percent in 2011, from $11.8 billion in 2010 to $10.7 billion this year. In addition, the Republican proposal provides for $1.7 billion less than the SSA needs to keep pace with inflation and rising workloads, according to Democrats on the House Ways and Means Committee.

Register or login for access to this item and much more

All Accounting Today content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access