Social Security to stop mailing annual benefits statements
Posted on 01 April 2011
By Mark Miller
Permanent URL of this article: http://retirementrevised.com/money/social-security-to-stop-mailing-annual-benefits-statements
The Social Security Administration (SSA) will stop mailing annual benefit statements to Americans in a budget-cutting move. The agency plans to save $30 million by suspending mailings for the remainder of the current fiscal year, which ends in September, and an additional $60 million next year by restricting mailings to workers 60 and older.
Statements usually are sent out about three months before your birthday; the suspension will start in April, which means everyone with birthdays in July and later won’t get a paper statement this year. Next year, the SSA intends to resume sending statements to Americans over age 60; it’s working on an online download option for everyone else.
