Monday, April 4, 2011
Social Security not mailing statements
Beginning this month the Social Security Administration will no longer be mailing the 4 page statement to individuals. This is a move to conserve funds, it costs about $70 million dollars to print and mail the information. It appears the move will be great way to help send funds back into the system. As people become more involved on the internet a sample of their statement is available to review on an annual basis for accuracy and updates to help with retirement planning. Sounds like a fantastic way to save on unnecessary spending. My only suggestion would to be sure the public is aware of the change and fully understands how to secure the personal information when needed. Each individual can make a choice to print or not giving the environment a break also from the killing of all the trees.
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This sounds like a great way to save money. I don't really trust those statements anyway. I would suggest, and it mentions it in the article , that older people would still get hard copies. Some of those people don't have access to computers or can't use them.
ReplyDeleteI also agree that this could be a great way to save money. The only people I'd worry about, as well, would be people without access to computers. Maybe they could set up those people with someone to help use a computer. It could create more jobs! Hiring people just to help people use computers so they can save money on printing and mailing then.... Kidding. It's an imperfect system, but they are trying to update and save money and hopefully time as well.
ReplyDeleteI'm glad they are at least trying to save money. I agree the older generation will have trouble with this. My father-in-law just got a computer and it has been interesting...however he is now taking a course at the Tech school. Not only will they have difficulty in accessing the information I don't think they will want to. They are a generation that likes to have the information in hand and will save it forever.
ReplyDeleteAlthough this will be difficult for people without access to an online computer; I think the savings outweigh the trouble. I think most people without access could go to a public library and receive help to view their info, or they know someone who could help retrieve their data. Privacy might be an issue, but I think privacy is a thing of the past.
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