TRUST FUND

What is TRUST FUND?

TRUST FUND meaning Separate accounts in the U.S. Treasury, mandated by Congress, whose assets may be used only for a specified purpose. For the SMI trust fund, monies not withdrawn for current benefit payments and administrative expenses are invested in interest-bearing federal securities, as required by law; the interest earned is also deposited in the trust fund.

 

reference: Centers for Medicare & Medicaid Services

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