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-   -   Social Security Stops Mailing Annual Statements (https://www.early-retirement.org/forums/f28/social-security-stops-mailing-annual-statements-55482.html)

Lusitan 04-01-2011 01:37 PM

Social Security Stops Mailing Annual Statements
 
Social Security won't mail annual statements- MSN Money

I guess it might take the Brain Trust over at the Social Security Administration a few more decades to consider how they could send these statements out via email or otherwise make them available online at a fraction of the $70 million dollars they were spending on snail mail ... :rolleyes:

JDARNELL 04-01-2011 03:22 PM

Oh no! There goes a subsidy to the post office ;)

Tomcat98

madcityacct 04-01-2011 03:27 PM

I've caught mistakes they have made with my reported earnings via these annual mailings.

Guess I will have to hold on to all W-2's until I retire, huh?

W2R 04-01-2011 03:32 PM

I just got mine last week and it was the stupidest statement.

I have been retired since November, 2009. The statement said that they "hadn't yet received" my earnings information for 2010, and that they were basing my projected amount on either my 2009 or 2010 earnings. :eek:

So, it was completely and entirely useless, a totally pie-in-the-sky estimate (When Pigs Fly!).

I went to the online SS estimator and found out what I can really expect to get.

travelover 04-01-2011 05:17 PM

I'll be the odd guy here and say I think they are a good idea for the average Joe or Jane who is otherwise clueless about what to expect from SS at retirement. I suspect many think they will get much more than they actually are due, thus this statement may spark a tiny awareness that they need to save more.

NW-Bound 04-01-2011 07:06 PM

Quote:

Originally Posted by W2R (Post 1054517)
I went to the online SS estimator and found out what I can really expect to get.

Is it not rather that "what you think you'll get"? ;D

Quote:

Originally Posted by travelover (Post 1054568)
I'll be the odd guy here and say I think they are a good idea for the average Joe or Jane who is otherwise clueless about what to expect from SS at retirement. I suspect many think they will get much more than they actually are due, thus this statement may spark a tiny awareness that they need to save more.

+1

Many people have no ideas what they will be getting for SS. And not everyone knows how to get to the SS Web site to figure it out for themselves. Some do not have an E-mail address, hard as it is for people here to believe.

Eventually, the SS computer system will allow people to get on-line access, and to opt out of snail-mail as the article described.
"The long-term plan is to allow the public to access the statement online," he adds. "We're working hard, but we don't have a timetable yet."

ERD50 04-01-2011 10:19 PM

delete - glitch

meierlde 04-01-2011 10:55 PM

There is actually a computer program that is more accurate than the Web site, called any PIA. In it you enter your actual earnings history to get an estimate. (It is saved in a file so you only need to do this once). Keeps the info in your computer and off the web.
The program is also on the SS web site, and is described as more accurate.

Alan 04-02-2011 02:22 AM

Quote:

Originally Posted by madcityacct (Post 1054514)
I've caught mistakes they have made with my reported earnings via these annual mailings.

Guess I will have to hold on to all W-2's until I retire, huh?

.. or until you reach 60. :)

Quote:

Lassiter says the Social Security Administration hopes to resume mailing annual statements next fall, but only to Americans age 60 and older who are not currently receiving benefits.

PS that story link also has a little SS quiz

chinaco 04-02-2011 05:38 AM

That has only been going on for the last 10 or 15 years... at least that is when I saw them begin to show up.

I think SS was doing that to help people plan retirement (outfit them with the info) since pensions are on the way out!


BTW - Those that believe that the print solution is idiotic today are obviously not acquainted with the real issues. I won't bother to digress too much. Although I am sure some foolish programmer will pop off about it (wipe the snot from their nose and pontificate about the web site they developed).

The fact is that those of us that use the web for banking, certain purchases, and securities would be making faulty assumptions if we assume that the way electronic statements are delivered is fit for everyone today. It is getting there, but there are some practical problems and it is not quite there yet! Assuming that the goal is to inform everyone! Believe it or not some citizens do not have handy access!

That is not to say that there may not be a better way... or to question whether or not the method actually works! But it is not as simple as the casual observer may think.


Perhaps.... maybe they could enable people to opt-in to electronic delivery... assuming they believe the program to be worthy of continuing.

Redbugdave 04-02-2011 06:11 AM

I think what NW-Bound/Chinaco said pretty much hit the nail on the head. Where I work, the people are computer savy. They have this mindset that the rest of the country is that way, too. But, it ain't.
You need to remember that we on this forum are all on the internet, know a little about computers and thus have this certain mindset, too. But, we are not the composite of the population. We live in our bubbles. There are a lot of people...poor, uneducated and backward...out there. There is no way that everyone can be expected to go on line, unless provided with a way/training and equipment. (Where's Bama when you need him?).

And, I myself do not want to change getting my yearly report by snail mail.

rescueme 04-02-2011 07:07 AM

Quote:

Originally Posted by chinaco (Post 1054712)
The fact is that those of us that use the web for banking, certain purchases, and securities would be making faulty assumptions if we assume that the way electronic statements are delivered is fit for everyone today.

Absolutely (and from a former I.T. guy :rofl: ).

The reason I still get statements mailed even though I pay 99% of bills on-line, along with monthly bank statements is the simple fact that if I die before my DW and me being the person who pays all the bills, she would have a hard time finding all of my auto/manual actions just from on-line transactions.

Sure, I've given her all the passwords and such, but it's not something she normally does so there is no interest. Also, I've requested that the various vendor's I do electronic transactions provide confirmation to duplicate email addresses (hers/mine), which they are unable/unwilling to do.

Until they make the "data flow" (e.g. electronic or paper) a bit better, I'm not willing (and DW doesn’t want) elimination of snail mail...

Alan 04-02-2011 10:05 AM

They have only been sending out statements since 1999, and they send them to everyone regardless of age which is definitely a waste of money imo. They say they will start sending them out to 60 yr olds which is reasonable.

I assume they will still send out estimates on request. Practically speaking, how often do we really need a SS estimate?

NW-Bound 04-02-2011 10:28 AM

On the other hand, it's good for 20 and 30-somethings to receive their statements and say to themselves, "OMG, they expect me to live on that! I'd better start saving now. :facepalm:"

rescueme 04-02-2011 10:34 AM

Quote:

Originally Posted by NW-Bound (Post 1054817)
On the other hand, it's good for 20 and 30-somethings to receive their statements and say to themselves, "OMG, they expect me to live on that! I'd better start saving now. :facepalm:"

Good point. I believe that was the intent of the annual mailing...

Alan 04-02-2011 10:40 AM

Quote:

Originally Posted by NW-Bound (Post 1054817)
On the other hand, it's good for 20 and 30-somethings to receive their statements and say to themselves, "OMG, they expect me to live on that! I'd better start saving now. :facepalm:"

Not really, not until they qualify. My son, aged 29, gets a statement each year but all it says is that he has "x" credits and does not qualify for SS. You can only earn a max of 4 credits a year and need 40 to qualify so I see little point in sending a statement every year until you qualify.

Like many government initiatives they went over the top. They went from sending no annual statements to sending way too many. I think a statement at age 30, 40, 50 and 60 would suffice for most planning needs.

Gumby 04-02-2011 11:16 AM

It will save me the yearly exercise of laughing maniacally and yelling to the young wife "Do they really expect me to believe this stuff?"

rescueme 04-02-2011 12:01 PM

Quote:

Originally Posted by Alan (Post 1054824)
I think a statement at age 30, 40, 50 and 60 would suffice for most planning needs.

Nah; since I'm planning on filing for SS at age 70, I want to make sure I get that "final one" :rofl: ...

rescueme 04-02-2011 12:04 PM

1 Attachment(s)
Quote:

Originally Posted by Gumby (Post 1054839)
yelling to the young wife...

And where do I get one of those? :rofl:

NW-Bound 04-02-2011 12:21 PM

Quote:

Originally Posted by Alan (Post 1054824)
Not really, not until they qualify. My son, aged 29, gets a statement each year but all it says is that he has "x" credits and does not qualify for SS...

Hmm... I never talk to my 25-yr old daughter about her statement to see what it says.

You are right about there being no need to tell the youngsters that their money has not gotten them anything for the first 10 years. It might just make them mad, if they think of how that money would have grown in their 401k.

Better to keep them in the dark!

Quote:

Originally Posted by Gumby (Post 1054839)
It will save me the yearly exercise of laughing maniacally and yelling to the young wife "Do they really expect me to believe this stuff?"

Why not? Money printing is cheap. Actually, the beauty of modern technology is that no actual printing is required, and they can just increment some numbers in these banking computers.

scrabbler1 04-02-2011 12:47 PM

Quote:

Originally Posted by W2R (Post 1054517)
I just got mine last week and it was the stupidest statement.

I have been retired since November, 2009. The statement said that they "hadn't yet received" my earnings information for 2010, and that they were basing my projected amount on either my 2009 or 2010 earnings. :eek:

So, it was completely and entirely useless, a totally pie-in-the-sky estimate (When Pigs Fly!).

I went to the online SS estimator and found out what I can really expect to get.

Same here, but I have not worked since 2008. My zero wages for 2009 still never got included in their calculation so they worked up a projected benefit based on my 2008 earnings continuing to rise.

So the 2011 statement was again useless for me.

I created a spreadsheet which does the benefit calculation based on the forumla in the SSA website, so I have a reasonably good idea as to what it will when you include a bunch of zeroes in the mix.

Bestwifeever 04-02-2011 01:50 PM

Hmmmm--a couple of weeks ago we had this thread about SS statements showing a decrease in projected benefits: https://www.early-retirement.org/foru...ced-55241.html

And now SS is going to stop sending the statements. I see a connection.

BLS53 04-02-2011 03:17 PM

The estimate is not accurate for younger people anyway. Too many future years of unknown variables involved. Most people in their 20's, probably treated it as junk mail.

The new estimator on the SSA site, is much easier than the old one. Just put in your name,SSN, DOB, and mother's maiden name. It will spit out an age 62,66, and 70 benefit amount. Getting the yearly earnings to crosscheck it, will depend on you having records of your annual earnings over a lifetime. Which the average person likely doesn't maintain. The hard copy statement through the mail, had the earnings in detail.

Even with earnings records, the projected benefits are difficult to compute. I imagiine some of the people here could do it, but I've never figured it out.

mickeyd 04-02-2011 06:09 PM

I noticed that I did not get a 2010 version of my SS dream sheet, but I just assumed that they were cutting me out of their deal since I did not crank up my cash flow when I reached 66. I'm OK with less info.

FUEGO 04-02-2011 09:21 PM

Just got my statement recently. A very good reason to send them out - the non-retirement SS benefits, namely disability and survivor benefits. These will go a very long way toward supporting a dependent spouse and children. Obviates the need for life insurance for our family.

chinaco 04-03-2011 03:52 AM

I suppose another motivation to stop mailing it is the impending cuts....

The politicians probably do not want voters to have a handy reference to calculate how much they got scr3wed! Bad for reelection!

Redbugdave 04-03-2011 05:48 AM

Also, I am a Federal employee under FERS, nearing retirement. I want and need to know about my SS benefits, since a part of my retirement is tied to it...the Social Security Suppliment which I will get immediately upon retiring. When I reach 62 that portion will roll over to regular SS.

Alan 04-03-2011 06:36 AM

Quote:

Originally Posted by Redbugdave (Post 1055095)
Also, I am a Federal employee under FERS, nearing retirement. I want and need to know about my SS benefits, since a part of my retirement is tied to it...the Social Security Suppliment which I will get immediately upon retiring. When I reach 62 that portion will roll over to regular SS.

They have not stopped giving estimates, just stopped mailing an estimate every year to everyone, regardless of age or eligibility.

You can go on-line and get an immediate estimate that is more accurate than the current mailed ones, or you can call or write to them and request a written estimate. If you are 60 or older you get an estimate automatically mailed to you beginning this Fall.

DFW_M5 04-08-2011 06:40 AM

The idea of paperless statements had been mentioned last month in another thread, maybe the Gov't is monitoring the board or at least some of their workers have a good RE mindset:laugh:. Here's another article that I noticed in the paper this morning:

Social Security stopping mailed earning statements | AP Business Headlines | Dallas Busi...#

FinanceDude 04-08-2011 06:57 AM

Not a big deal. I look at my SS payment as what I will have to PAY IN when I retire. So, if it says $1400 a month, I just assume that's how much extra I will be paying in taxes when I retire each month..........:)

rescueme 04-08-2011 07:04 AM

Quote:

Originally Posted by Alan (Post 1055107)
You can go on-line and get an immediate estimate that is more accurate than the current mailed ones...

True Alan and that is what I've done every month since retiring (at age 59).

What's interesting is that when I get my "hardcopy" from the annual mailing, it does match up exactly (to the dollar) of the on-line from a month before its mailing.

Since I'm currently 63 (and will not claim SS till age 70) I go online on the first of the month (the files are updated overnight, the last day of each month) and I can see my currently monthly benefit increase $10+, month by month.

Actually, this "old phart" does not see a problem as related to PC usage, as long as all the statement info (e.g. annual contributions to SS/Medicare) are shown, for validation purposes.

While my parents (no longer around) would have had a problem using a PC, I would think the current crop of "boomers" approaching retirement in the next 10+ years would have no problem at all, IMHO.

Independent 04-08-2011 08:37 AM

Quote:

Originally Posted by travelover (Post 1054568)
I'll be the odd guy here and say I think they are a good idea for the average Joe or Jane who is otherwise clueless about what to expect from SS at retirement. I suspect many think they will get much more than they actually are due, thus this statement may spark a tiny awareness that they need to save more.

+1

I want my fellow citizens to think about their retirement finances because I believe that if more people think about it there will be fewer people who need extra taxpayer support when they are older. (By "extra", I mean things like subsidized elderly housing.)

If one person in a thousand reacts to the statement by doing some planning, the taxpayers will probably recover the cost of the statements.

I also like the statement because it verifies that my employers really notified the gov't of my earnings, and the gov't put them on my record. If they weren't automatically sending me this statement, I'd want to prompt them to verify that anyway.

rescueme 04-08-2011 09:00 AM

Quote:

Originally Posted by Independent (Post 1057357)
I want my fellow citizens to think about their retirement finances...

So do I, but I personally don't think a statement from a government on a plan that many younger folks question may be of any value in their future will make much of a difference.

Maybe if they added some additional "guessitmate" info, such as how much they could tentatively accumulate, based upon possible IRA/401(k) contributions, based upon their shown earnings record (Roth or not), some folks would consider the "whole package", and make current savings/investment decisions based upon that “total view”.

However, when you're showing info, as just a single component of a total retirement income plan, you are not showing something that may be of interest as related to show folks how they may be facing retirement years.

It may encourage those who are not saving/investing on their own to take action to ensure their retirement income future, and include future SS as just a portion of that total plan.

The earnings info and the projected SS benefits are there. Why can't they come up with a way to show/project it in a manner to those that are not aware of planning requirements to take action, if needed?

Just my POV...

FANOFJESUS 04-08-2011 10:14 AM

Quote:

Originally Posted by Independent (Post 1057357)
+1

I want my fellow citizens to think about their retirement finances because I believe that if more people think about it there will be fewer people who need extra taxpayer support when they are older. (By "extra", I mean things like subsidized elderly housing.)

If one person in a thousand reacts to the statement by doing some planning, the taxpayers will probably recover the cost of the statements.

I also like the statement because it verifies that my employers really notified the gov't of my earnings, and the gov't put them on my record. If they weren't automatically sending me this statement, I'd want to prompt them to verify that anyway.

+1

Some people will wake up to late at 60 and not much they can do about it then.

jazz4cash 04-09-2011 01:04 PM

I guess it is designed for people like me. I am 8 yrs from eligibility and still working. The estimate on the SS website is spot on with the statement I received in Feb. I think the statement is good, especially to remind people of the other disablity and dependent benefits but it makes sense to eliminate/suspend the expense of annual mailings. An annual postcard as a reminder to go online and use the estimator tool might be an appropriate substitute.

Sossy 04-09-2011 01:17 PM

I agree the online statements and web version would save a ton of money - but here are some challenges: Too many people do not have access to a computer, or are not computer literate. Or perhaps have disabilities that make computers a challenge. I was amazed, when I managed a healthcare clinic, at the number of staff members who did not know how to do email (this is recent, not ages ago). We had docs who wouldn't use the computer & resisted doing anything on it. We had young clerks who could enter patient appointments, but had to get training to figure out email or web usage. As for the patients - well, it was an indigent care clinic & most didn't have computers.

I can see why SS still has to use Snail Mail, but maybe someday they can find a way for people to opt out of the paper trail.

jdw_fire 04-10-2011 02:45 AM

Quote:

Originally Posted by rescueme (Post 1057366)
So do I, but I personally don't think a statement from a government on a plan that many younger folks question may be of any value in their future will make much of a difference.

Maybe if they added some additional "guessitmate" info, such as how much they could tentatively accumulate, based upon possible IRA/401(k) contributions, based upon their shown earnings record (Roth or not), some folks would consider the "whole package", and make current savings/investment decisions based upon that “total view”.

However, when you're showing info, as just a single component of a total retirement income plan, you are not showing something that may be of interest as related to show folks how they may be facing retirement years.

It may encourage those who are not saving/investing on their own to take action to ensure their retirement income future, and include future SS as just a portion of that total plan.

The earnings info and the projected SS benefits are there. Why can't they come up with a way to show/project it in a manner to those that are not aware of planning requirements to take action, if needed?

Just my POV...

lol and i bet you dont want to pay any extra in taxes for this added work.

rescueme 04-10-2011 04:28 AM

Quote:

Originally Posted by jdw_fire (Post 1057994)
lol and i bet you dont want to pay any extra in taxes for this added work.

Sorry; I'm retired and on a "fixed income", don't you know? :laugh:...

I can't afford anything extra (and anyway, I have my own analysis software to get the result...)

freebird5825 06-20-2011 07:43 AM

In the absence of annual hardcopy statements, I created a calendar reminder to check my future SS benefits using the online estimator at www.ssa.gov/estimator
The reminder pinged me today, so I ran the Estimator and was happy to see that my future benefits are with $10 of my last hardcopy statement dated September 2009. All is well. ;D
I used the scenario creation tool to enter a retirement age of 52 (my current age) and future earnings of zero (FIREd). I was not allowed to enter my real retirement age of 48, but entering 52 was close enough. My 2009 hardcopy statment shows a stop w*rking age of 48, so I feel pretty good about the data integrity of my own SS records.
The Retirement Benefit Estimate was very brief...it consisted of only the *Retirement data (3 values for benefit amounts at FRA 66yrs 8mos, age 70, and age 62) listed under Your Retirement Benefits (from page 2 of the hardcopy version). There was no *Disability, *Family, or *Survivors data provided.
What I could not find was a way to view my Earnings Record (from page 3 of the hardcopy version) online.
Has anyone else tried to verify their Earnings Record? Were you able to find a way to successfully get a complete set of data online?

gerntz 06-20-2011 12:22 PM

I can't even get a estimate online as the birth date they have for me on the mailings is wrong. So when I try to enter either the right or wrong date the site comes back as says we can't match either to their records. I wonder why? LOL.

Rustward 06-20-2011 12:55 PM

Quote:

Originally Posted by gerntz (Post 1081727)
I can't even get a estimate online as the birth date they have for me on the mailings is wrong. So when I try to enter either the right or wrong date the site comes back as says we can't match either to their records. I wonder why? LOL.

You may want to follow up on this and get it corrected. If they can't give you an estimate now, they might not be able to pay you a benefit when you are eligible.

Achiever51 06-20-2011 01:04 PM

Definitely should check with SSA to get this corrected before you plan to draw benefits. My Mom's birthdate was off by one digit and she had to jump thru some hoops to get it corrected when she applied for my Dad's benefit

Independent 06-20-2011 01:05 PM

Quote:

Originally Posted by gerntz (Post 1081727)
I can't even get a estimate online as the birth date they have for me on the mailings is wrong. So when I try to enter either the right or wrong date the site comes back as says we can't match either to their records. I wonder why? LOL.

This calculator allows you to enter your birthdate and annual earnings. I used it recently and it matched the version that looks up your data for a particular scenario, but I felt this version gave me more flexibility (I got most of my earnings history from my last paper statement).

Social Security Online Calculator

MasterBlaster 06-20-2011 01:43 PM

Quote:

Originally Posted by gerntz (Post 1081727)
I can't even get a estimate online as the birth date they have for me on the mailings is wrong. So when I try to enter either the right or wrong date the site comes back as says we can't match either to their records. I wonder why? LOL.

You need to contact SSA to fix that. Make sure that your work record matches what they have.

Backpacker 06-20-2011 02:09 PM

Quote:

Originally Posted by freebird5825 (Post 1081592)
In the absence of annual hardcopy statements, I created a calendar reminder to check my future SS benefits using the online estimator at www.ssa.gov/estimator
The reminder pinged me today, so I ran the Estimator and was happy to see that my future benefits are with $10 of my last hardcopy statement dated September 2009. All is well. ;D
I used the scenario creation tool to enter a retirement age of 52 (my current age) and future earnings of zero (FIREd). I was not allowed to enter my real retirement age of 48, but entering 52 was close enough. My 2009 hardcopy statment shows a stop w*rking age of 48, so I feel pretty good about the data integrity of my own SS records.
The Retirement Benefit Estimate was very brief...it consisted of only the *Retirement data (3 values for benefit amounts at FRA 66yrs 8mos, age 70, and age 62) listed under Your Retirement Benefits (from page 2 of the hardcopy version). There was no *Disability, *Family, or *Survivors data provided.
What I could not find was a way to view my Earnings Record (from page 3 of the hardcopy version) online.
Has anyone else tried to verify their Earnings Record? Were you able to find a way to successfully get a complete set of data online?


I could not find earnings record on-line so called a live body and was told i must submit a form and pay a fee and wait 4 months for an answer...zoiks

gerntz 06-21-2011 09:07 AM

I did contact SS. They looked up my records and found that I originally applied with my correct birth date (Imagine that I had it right?) as a teenager, but that when they created an electronic file of my records however many years ago they entered the wrong month - "5" & "2" do look similar I admit. I said OK, fine, fix it (Should be simple, right, given she had the original application, right?)

But she said I needed to get a birth certificate & then take it to an SS office to get the change made and that 911 made changes more difficult (huh?).

I responded bs. I said that I didn't create the issue, SS did. You fix it. Afterall, she could see both the original record by me (on microfiche or whatever) & that an error had been made in the electronic file. After continued haggling, she magically found a form # that she could fill out & send to some SS records office in Baltimore to get the correction made. The net of that is she didn't want to do anything.

Said it will take a month or so for the correction to be made. I'm in no hurry. We'll see.

travelover 06-21-2011 09:13 AM

Quote:

Originally Posted by gerntz (Post 1082099)
..........But she said I needed to get a birth certificate & then take it to an SS office to get the change made and that 911 made changes more difficult (huh?). ............

More Bin Laden tax........:(

FreeAtLast 06-22-2011 08:12 PM

My guess is that when they started sending them out 10+ years ago they had their own agenda. Social Security was already in need of help as they had every year just increased the rates & limits of the amount they collected from worker/employer. Around that time they found it harder and harder to make the traditional increase. Medicare got split from SS with the contribution percentages and limits.

I think that they did it to help promote themselves as if to say, you have a balance in an account with us. Just as we are used to seeing on our bank statements.

It also delivered a message that SS should only be relied on as part of retirement income. Interestingly, they started sending their statements just after corporate america started doing away with the traditional pension.

freebird5825 07-18-2011 10:03 AM

GAO is doing their j*b. Hopefully we will see a reversal of the "no more statements" decision, possibly with statements available in an online version. No timetable is set.
Social Security Statements Remain Unavailable - The Best Life (usnews.com)

ziggy29 07-18-2011 10:17 AM

Quote:

Originally Posted by freebird5825 (Post 1089870)
GAO is doing their j*b. Hopefully we will see a reversal of the "no more statements" decision, possibly with statements available in an online version. No timetable is set.
Social Security Statements Remain Unavailable - The Best Life (usnews.com)

Maybe, maybe not. The cynic in me suspects that "cost savings" is a smokescreen here, that maybe if they stop sending these statements to us, we're less likely to notice if future reforms reduce the amount we can expect to receive...

freebird5825 07-18-2011 10:33 AM

Quote:

Originally Posted by ziggy29 (Post 1089878)
Maybe, maybe not. The cynic in me suspects that "cost savings" is a smokescreen here, that maybe if they stop sending these statements to us, we're less likely to notice if future reforms reduce the amount we can expect to receive...

Make room for me next to you on the "cynic bench". ;)
The silver lining is GAO's opinion usually makes things happen, from my limited experience. We shall see...

Redbugdave 07-22-2011 02:47 PM

This is crazy. I can understand reducing mailing costs by not sending statements out to everyone. But, on a request basis...that should not be too overwhelming or overly costly. I think we have a right to see a statement if requested. It could be on-line for all I care and I could print it out.

What would say or do if your bank would not let you see your statement or monthly transactions?

I agree...there is a hidden agenda going on. This may be a way to get more funding for the agency...

Alan 07-22-2011 03:14 PM

Quote:

Originally Posted by Redbugdave (Post 1091269)
This is crazy. I can understand reducing mailing costs by not sending statements out to everyone. But, on a request basis...that should not be too overwhelming or overly costly. I think we have a right to see a statement if requested. It could be on-line for all I care and I could print it out.

What would say or do if your bank would not let you see your statement or monthly transactions?

I agree...there is a hidden agenda going on. This may be a way to get more funding for the agency...

If you go on-line you can get an estimate of your SS benefits when you retire.

If you want to get your earnings history you can complete a request for an earnings statement on-line.

Redbugdave 07-22-2011 07:31 PM

Alan...Yes, I have been into the on-line estimate on the SS website. The SSA has stopped the earnings statement, (with history), on line by request. I think they jumped the gun.

Here's a couple links to the GAO report that Freebird mentioned...The second one is more informative...
U.S. GAO - Social Security Statements: Observations on SSA's Plans for the Social Security Statement
https://www.gao.gov/highlights/d11787thigh.pdf

growing_older 07-22-2011 11:12 PM

So before they started sending out regular statements, the admonition used to be check your earnings statements regularly, because there is a limited window during which record keeping errors can be corrected. If you get credited with too little earnings, you will get a reduced benefit. I have in fact found errors in my record that had to be corrected by sending in additional documentation.

If there are no statements, how do you know if your records are correct?

Alan 07-23-2011 03:00 AM

Quote:

Originally Posted by Redbugdave (Post 1091349)
Alan...Yes, I have been into the on-line estimate on the SS website. The SSA has stopped the earnings statement, (with history), on line by request. I think they jumped the gun.

Here's a couple links to the GAO report that Freebird mentioned...The second one is more informative...
U.S. GAO - Social Security Statements: Observations on SSA's Plans for the Social Security Statement
https://www.gao.gov/highlights/d11787thigh.pdf

The article above that Freebird linked to does say that printed statements will continue to be available on request.

Quote:

In comments, SSA noted that paper statements will continue to be available, on request, in English and Spanish.
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it is unclear how many workers will request mailed statements after this information is made available online
In my post I didn't actually mean to say that you can get your earnings statement on-line - sorry. I meant to say that you can apply for your earnings statement by going on-line and obtaining the form which you print out and fill in. (probably a phone call would also get you a copy of the application form in the mail)

Looking at the site I believe you can go here and then print out the form "SSA-750 in" and mail it to the address given. They should then send you an earnings statement that you can use to check for errors.

I agree that it is much easier to be able to get it on-line and that they should have provided the on-line version before they stopped sending out annual earnings statements.

Redbugdave 07-23-2011 05:39 AM

Hey Alan...Thanks for that link! I did not know about it. That helps immensely. That's what I will do. Thanks!


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