On March 22, 2025, Barry Kaufmann, president of the New York State Alliance for Retired Individuals, said (archived) at a rally in White Plains, New York, that Small Enterprise Administration loans “discovered” (archived) by the Division of Authorities Effectivity paid to youngsters 11 or youthful had been really “survivor profit annuities” — utilizing the identical SBA acronym — paid to youngsters whose dad and mom had died.
Kaufmann said (at 44:10):
For example, DOGE claims to have discovered Social Safety loans going to 11-year-olds and below. Not! SBA is just not a mortgage, it is a survivor profit annuity to younger youngsters whose dad and mom have handed. That is the issue with IT programmers and billionaires and not using a clue doing jobs they do not perceive. You may’t discover what you do not know.
Kaufmann’s declare unfold throughout Facebook (archived), X (archived), Threads (archived), Reddit (archived) and Bluesky (archived).
Nevertheless, it was unclear how Kaufmann backed his declare concerning the confusion over the 2 completely different SBAs. Whereas it’s nearly sure from his wording that he was referring to DOGE’s SBA mortgage announcement on March 9, the declare of the funding belonging to the survivor profit annuity — a profit paid to eligible spouses, or generally youngsters, of federal retirees — clashes with what federal officers have stated.
The Small Enterprise Administration confirmed the existence of greater than “5,500 loans, totaling about $312M” to companies “whose solely listed proprietor was 11 years previous or youthful” on March 12 — 10 days earlier than Kaufmann’s declare. DOGE had stated it was working with the SBA to “remedy this downside.”
We’ve got reached out to Kaufmann and the SBA to additional perceive the declare and await their replies.
A survivor profit annuity is a benefit accessible to federal workers below the Civil Service Retirement System and the Federal Workers Retirement System. The profit is generally paid to surviving spouses or ex-spouses, however in line with the Workplace of Personnel Administration (OPM), the federal authorities’s central human-resources company, youngsters can be eligible if they’re depending on the retiree who selected the profit. “Dependent” on this context signifies that the deceased “made common and substantial contributions to the kid’s assist.”
We reached out to the OPM, which manages the federal retirement plans, to ask how a lot cash it paid to youngsters 11 or youthful below this profit in 2020-21, when DOGE stated the loans had been paid out, and await a reply.
In the meantime, the main points surrounding the loans allegedly found by DOGE remained unclear. The @DOGE or @DOGE_SBA X accounts, the previous of which is usually used for DOGE’s public communications, had not posted extra info on the time of this writing. The SBA had not supplied additional particulars concerning the loans on the time of this writing.
Sources:
acyn.bsky.social. “Kaufmann: DOGE Claims to Have Discovered Social Safety Loans Going to 11 Yr Olds and Underneath. .” Bluesky, 22 Mar. 2025, https://bsky.app/profile/acyn.bsky.social/post/3lkxzs7p6us2e.
An Autistic Witch. Studying witchcraft at each stage. “Mechanically Assuming SBA Funds Means ‘Small Enterprise Affiliation’ Loans and Not ‘Survivor Advantages Annuity’.” Fb, 24 Mar. 2025, https://www.facebook.com/anautisticwitch/posts/pfbid02iEMqTZWR2a3EYXK94YQF1g2eFjmwHqr4eAYwtdWtfhnzodHE6cmxR84K3ehjkUzPl.
@Clobean4. “Kaufmann – “DOGE Claims to Have Discovered Social Safety Loans Going to 11 Yr Olds and Underneath.” X, 24 Mar. 2025, https://x.com/Clobean4/status/1904245670728589468.
@DOGE. “In 2020-2021, SBA Granted 5,593 Loans for $312M to Debtors Whose Solely Listed Proprietor Was 11 Years Previous or Youthful on the Time of the Mortgage.” X, 9 Mar. 2025, https://x.com/DOGE/status/1898587143796338826.
FEBA. “Understanding Your Federal Worker Advantages | What Is a Survivor Profit Annuity?” FEBA, 10 Aug. 2023, https://www.myfeba.org/understanding-your-federal-employee-benefits-what-is-a-survivor-benefit-annuity/.
Give A Shift About Nature. “DOGE Claims to Have Discovered Social Safety Loans Going to 11-Yr-Olds and Underneath. .” Fb, 23 Mar. 2025, https://www.facebook.com/giveashiftnature/posts/pfbid02ngeDE76WTnCg7Aruq6LEtbumLvMWd6S8njLd1fhyrfQJGua3vhwMo1qYuMMAqiD5l.
“Be taught Extra about Survivor Advantages and Retirement.” U.S. Workplace of Personnel Administration, https://www.opm.gov/support/retirement/faq/survivor-benefits/. Accessed 25 Mar. 2025.
@seedanesti. “Elon Musk Instructed Tens of millions of Folks That 8 and 11 Yr Previous Kids Had been Receiving Enterprise Loans from Social Safety.” Threads, 20 Mar. 2025, https://www.threads.net/@seedanesti/post/DHbhY_GS_eA.
Social Safety Works. “Fingers Off Social Safety.” Fb, 22 Mar. 2025, https://www.facebook.com/watch/live/?ref=watch_permalink&v=1273688310365508.
u/RoyalChris. “Kaufmann – ‘ ‘DOGE Claims to Have Discovered Social Safety Loans Going to 11 Yr Olds and Underneath.” Reddit, 22 Mar. 2025, https://www.reddit.com/r/Fauxmoi/comments/1jhcekz/kaufmann_doge_claims_to_have_found_social/.
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