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Social Security Goes Electronic
Posted in: News on August 29th, 2012

social security statementsGone are the days of paper statements. Just about every financial institution has done away with sending paper statements in the mail and, now, so has the Social Security Administration.  From earnings statements to disability insurance checks, the SSA has gone electronic for most transactions.

Virtual Access

Up until last year, Social Security recipients received their tax earnings statements in the mail. Displaying estimated retirement, survivor and disability benefits, and this statement is an important piece of documentation come tax time. In an effort to cut costs, the SSA has decided to streamline their communications process with recipients, making this information available online.

The new Social Security Statement tool allows users to access their information at anytime. Recipients can find information about estimated benefits under the disability and retirement programs, estimate benefit amounts for eligible family members, view their lifetime earnings to date, and even see the amount of estimated Social Security and Medicare taxes paid over the course of their working career. Further, this user interface allows access to information about how to sign up for benefits and even apply for benefits with the click of a button.

 

 

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