Goodbye paper statements…again. Two years after reinstating paper statements amid a firestorm of criticism for having ended them, the Social Security Administration is again pulling back on mailed statements. In a recent blog post, the agency announced it would mail fewer statements this year to reduce costs by as much as $11.3 million. Only individuals 60 years of age and older who aren’t receiving benefits and don’t have an online account will get paper statements, which provide information on a person’s earnings, estimated benefits, and contributions.
Who would have thought ideas meant to facilitate mail delivery would not only help nearly everyone in the country, but also boost the economy as well?
Take, for instance, the U.S. Postal Service’s Address Management System (AMS), a database of around 127 million deliverable addresses....Read More