April 16th, 2012|
Staring next year by March 2013, checks will no longer be issued and mailed to the millions of people who receive government benefits, reports RecordPub.com. This action is mandated by a Treasury rule issued in December 2010, which affecting people who get Social Security and federal disability payments.
To save the government about $120 million a year, the federal government is phasing out its paper checks for all benefits programs and requiring people to get payments electronically. As a recipient, you can either get your benefits by direct deposit or on a debit card for those who don’t have bank accounts.
Walt Henderson, director of the Treasury Department’s electronic funds transfer division, says that electronic payments are safer and more efficient than paper checks, “You think of that paper check floating out there in the delivery system, with personal information on it, it’s much more susceptible to fraud versus an electronic payment.”
“Treasury acknowledges they have a lot of education to do for people about how these things work,” said David Certner, legislative policy director for AARP.
If using a debit card would impose a hardship, people can get a waiver, but the Treasury Department says those would be “extreme, rare circumstances.” Current beneficiaries who are age 90 and older will not be required to make the switch to electronic funds.
If you or someone you know needs help with Social Security Disability benefits, contact the Social Security Disability lawyers at Fleschner, Stark, Tanoos & Newlin.
April 11th, 2011|
April 11, 2011
Receiving Social Security benefits electronically is said to be the safest way for one to receive his/her check, according to heraldbulletin.com.
Why is it better to receive Social Security benefits electronically?
- It is safer: no risk of checks being lost or stolen
- It is easy and reliable: no need to wait for the mail or go to the bank to cash a check
- It saves taxpayers money: no cost for postage and paper and printing
- It saves you money: no check-cashing fees or bank fees
- It is good for the environment: it saves paper and eliminates transportation costs.
Are you or someone you know having trouble setting up your Social Security benefits to be received electronically? Do you have questions about how to ensure it’s done correctly?
If you need help getting Social Security benefits you deserve to get your life back on track, the Social Security lawyers at Fleschner, Stark, Tanoos & Newlin can help.