Sequestration: What It Means For Social Security
A set of mandated federal spending cuts could take effect Friday.
First it was the fiscal cliff. Now, sequestration gets to take center stage.
A set of mandated federal spending cuts are due to take effect Friday if Congress and President Obama cannot reach an agreement but will not include cuts to entitlement programs like Social Security.
But that doesn't mean Social Security is immune to the situation.
"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," according to CNBC.
The Baltimore Sun reports the cuts would leave people who call the agency's hotline on hold for 10 minutes and delay some disability decisions by a month.