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Monday, April 25, 2011

Social Security Administration no longer mailing out earnings statements to workers

The Social Security Administration (SSA) has announced that it is no longer mailing out annual earnings statements to workers. The statements show how much workers have paid into the Social Security system and how much they are scheduled to receive in retirement benefits. The SSA said that the decision was made ""in light of the current budget situation."" It advises workers to estimate their retirement benefits using the ""Retirement Estimator"" on its website. Workers may use the ""Retirement Estimator"" if they have enough Social Security credits to qualify for retirement benefits and are not: (1) currently receiving Social Security benefits on their own Social Security record; (2) age 62 or older and receiving benefits on another Social Security record; or (3) eligible for a pension based on work not covered by Social Security. Published reports say that the SSA is working on providing the annual earnings statements electronically, possibly by the end of the year.

Question or concerns please contact our office or your SSA office.