The Social Security Administration will resume sending paper copies of its benefit statements to working Americans, although it saved millions of dollars when it stopped doing so annually in 2011.
Carolyn Colvin, acting commissioner of Social Security, announced this week that those who have not yet signed up for an online account to view their personal Social Security statements will receive a paper copy every five years – at ages 25, 30, 35, 40, 45, 50, 55, and 60 about three months after their birthdays. After age 60, people will receive a mailed statement each year. According to the SSA, it expects to mail approximately 48 million statements annually.
"We have listened to our customers, advocates, and Congress; and renewing the mailing of the statement reinforces our commitment to provide the public with an easy, efficient way to obtain an estimate of their future Social Security benefits," Colvin said.
Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.
Your access to unlimited BenefitsPRO content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.