Wednesday, April 06, 2011

Your Annual SocSec Statement Is No More

For the last 12 years or so, Social Security mailed an annual statement which told you what your 'covered' earnings were along with estimated benefits.

It was useful for two reasons. First, if you are nearing retirement, it provided a guideline of what you could expect from SocSec over the years.

Second, it also served as a "fraud alert;" if your SocSec earnings were out of line with your actual earnings, it was possible that someone, somewhere, was using your SocSec number--or your employer was under-reporting.

Hmmmm.

Well. SocSec has decided that it cannot afford the $70million annual cost any more.

3 comments:

Anonymous said...

SocSec decided to stop sending...or was it just another casualty in the GOP war on gubmint?

Dad29 said...

Maybe you don't know this: the Democrat Pary is running the Gummint. Has been for the last 3 years.

Time for your nap.

John Foust said...

$70 million here, $70 million there, pretty soon you're talking real money. Doesn't "drowning it in the bathtub" have any meaning to you?