People Can Now Access Their Social Security Statements Via Their Mailboxes
Precious Silva | | Sep 17, 2014 05:40 AM EDT |
(Photo : REUTERS/ICE/Handout ) Counterfeit social security cards that were confiscated by Immigration and Customs Enforcement.
The Social Security Administration will send statements to citizens every five years, a practice that the government agency stopped three years ago, but has decided to revive.
Acting commissioner Carolyn Colvin said in a statement that the administration's commitment to the public made them decide to revert to the old practice of sending citizens their security statements.
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"We have listened to our customers, advocates and the U.S. Congress," Colvin said. "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."
Three years ago, the government has decided to stop mailing security statements to citizens to cut government cost. It saved the federal government almost US$70 million annually considering the associated printing and mailing costs.
Beginning this month, those in line receiving a security statement includes individuals aged 25, 30, 35, 40, 45, 50, or 55. Those who signed up for online statements or Social Security will no longer be eligible for the mailed statements.
Yearly statements will also be sent to people aged 60.
Currently, around 48 million statements are expected to be mailed every year. The government office also said the document will contain the complete earnings history of individuals, including details of their retirement benefit.
Other information listed are the amounts receivable for family members of the deceased social security member and the amount available monthly due to disability.
However, citizens also have the option to refuse the mail service if they are concerned about the confidentiality of the files. Instead, the Social Security Administration offers an online alternative via socialsecurity.gov/myaccount.
The online statement can be viewed based on the preference of the individual. They can view it in their office, home, or other location that they find convenient.
The government has also advised citizens to update their personal details like change in phone number, address, or direct payment deposit.
To date, there are 14 million people are subscribed to the online service. Statements will not bear the social security number of the individual, according to Brandon Smith from Cleveland's Social Security office.
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