Social Security Benefits and the Language of Guarantees

Brief

Social Security Benefits and the Language of Guarantees

Abstract

Many workers believe that the Social Security benefits suggested by current law belong to them - that they have "property rights" to future payments. However, 40 years ago, the Supreme court ruled that this isn't the case: Retirees have no legal right to claim ownership over unpaid benefits. The ruling deters beneficiaries from suing the federal government if an altered benefit formula delivers payments that fall short of expectations.

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