Wednesday, January 18, 2017

Social Security paper statements

There has been another change regarding Social Security paper
statements. These statements detail information on your
earnings, your estimated benefits, and the contributions you've paid in payroll taxes.
Back in 2011, the agency stopped mailing its annual paper statements to save on costs. The following year, Social Security started the web site "My Social Security account" to get all your information on-line.
 In September 2014, the agency started sending paper statements to
workers who weren’t receiving benefits and who hadn’t signed up for an online account. These individuals were getting their paper
documents as they turned 25, 30, 35, 40, 45, 50, 55, 60 and over.
So, here’s the new change, only individuals who are 60 and over, who aren't receiving benefits and who don't have a "My Social Security account" online will get paper statements.
This measure will reduce the cost of processing and mailing statements by $11.3 million in the 2017 fiscal year.

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