Believe it or not, many Americans have stashed $100k, $200k and more. They never knew they were saving the money but the government takes a little out of your paycheck over the years and it is actually earmarked as your private account.
You are paying for this money in the hopes you never have to use but there may be a day and one should absolutely file a claim.
When you die you will not be allowed to pass on this cash to your heirs.
When you retire you will not be given any of the money as part of your retirement.
The government keeps 96% of all monies paid into SDI.
It’s your money and you have a right to it to support you while you are injured and to have the costs of your surgery paid for and it just so happens you are self funding it.
I have no problem with anyone filing and getting back at least some of their money.
I have no problem with anyone filing and getting back at least some of their money.
Neither do I; however, I do if it is a fake or non-existent disability.
“The government keeps 96% of all monies paid into SDI.”
In the past three years, the Federal Disability Trust Fund has paid out more than it has taken in; figures are in billions of $ from the SSA website
year in out
2009 109.6 118.1
2010 105.5 126.3
2011 106.2 131.5