April 23rd, 2014|
Despite moving to a paperless system two years ago, the Social Security Administration recently announced it would begin mailing paper Social Security statements to workers in September.
Officials say the move is necessary, considering Social Security eligibility is based on time worked and money put into the Social Security System, and only six percent of American workers have signed up to receive statements online. Furthermore, experts believe those who will most likely need benefits do not have access to the Internet.
So, what do the mailings mean for U.S. citizens? The Social Security disability lawyers with Fleschner, Stark, Tanoos & Newlin explain it is important to look out for this document in the mail each year, as it can give a significant amount of insight into benefits you may be qualified to receive upon retirement or if you become disabled.
An article published by Reuters adds that the statements will include information about an individual’s available benefits at various ages and will also show how much a person as paid into Social Security taxes over time. This can prove advantageous when planning a nest egg for retirement or emergencies.
The team of attorneys with Fleschner, Stark, Tanoos & Newlin encourage citizens to examine these statements when they arrive in the mail. It should be saved with other important personal documents, so it can be reexamined over time. Doing so will help Americans make decisions about adjustments they can make to get the benefits they need.