Friday, January 5, 2007

US/Mexico Social Security Agreement

A confidential 2004 agreement between the United States and Mexico could require Social Security to pay billions of dollars in benefits to Mexicans who paid payroll taxes in this country, according to a senior citizens' group that forced the document's disclosure. The Social Security Administration insists that the agreement — which has yet to be signed by President Bush and sent to Congress for consideration — would cost the retirement and disability fund a relatively scant $105 million annually for the first five years. But the TREA Senior Citizens League, an offshoot from a group of retired military personnel, and some members of Congress contend the agreement opens the door to paying benefits to millions of Mexicans who have worked illegally in the United States, as well as their dependents, even if they now reside in Mexico.   Clisk here for the Houston Chronicle story.


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