Millions of Americans aren’t receiving Social Security statements in the mail. A new bill aims to change that
A new proposal in Congress aims to resurrect an old tradition: mailing Social Security statements to your home.
Since 2011, the Social Security Administration has cut back on the number of paper statements it puts in the mail in order to save money.
A new bill, called the Know Your Social Security Act, aims to reinstate those statements for all workers ages 25 and up.
Currently, workers ages 60 and up who are not receiving benefits and who have not signed on for online accounts still receive those mailings. In past years, the agency has also tried mailing statements to individuals every five years starting from age 25.
The bipartisan legislation was introduced by Reps. John Larson, D-Conn., and Vern Buchanan, R-Fla., along with Sens. Bill Cassidy, R-La., and Ron Wyden, D-Ore.
Larson has also proposed another bill, the Social Security 2100 Act, that would be a sweeping overhaul of the program in order to restore its solvency to the year 2100.
All workers can access the information contained in the statements — including earnings, contributions and estimated future benefits — by creating an online account at the MySocialSecurity website.