Cardin calls on SSA to keep sending statements
For many who have not yet retired, the annual earnings statements mailed out by the Social Security Administration are the only regular contact they have with the agency.
On Monday, U.S. Sen. Benjamin L. Cardin requested that Social Security officials continue to send those statements despite budget cuts the Woodlawn-based federal agency is facing. Social Security recently stopped sending some of the statements, which cost $70 million a year to mail, as a cost-cutting measure.
"Since 1999, the Social Security annual earnings statement has given Americans an indispensable retirement tool to ensure that every worker has an in-depth knowledge of where their hard-earned money is being saved," Cardin said in a letter Monday to Social Security Commissioner Michael J. Astrue.
The agency mails out approximately 152 million statements to workers over age 25 every year, according to Cardin's office. The four-page mailings list a worker’s earnings record, including an estimate of their expected Social Security payout.
"We agree the information in the statement is important," Social Security spokesman Mark Hinkle said in a statement. "We are exploring how to deliver a better version to the American people and save the federal government $1 billion over 10 years by making it available online."