Liberal Deposit Requirements of States' Social Security Contributions Adversely Affected Trust Funds

HRD-79-14 Published: Dec 18, 1978. Publicly Released: Dec 18, 1978.

Highlights

On March 30, 1978, HEW published in the Federal Register its proposal to increase the frequency by which States must deposit social security contributions. GAO evaluated the issues surrounding the frequency of State deposits and the reasonableness of the HEW proposal.

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Employment

Deposit fundsstate relationsFunds managementInterest ratesSocial security taxesTrust fundsLocal governmentsIncome taxesSocial security contributionsAdministrative costs