Last October, the Social Security Administration began mailing Social Security Statements to workers age 25 or older who are not receiving Social Security benefits.
Workers can expect to receive a Statement each year about three months before their birthday.
This important new financial planning tool provides information on how much a worker can expect to receive in retirement benefits, and how much they and their families can expect to receive in disability benefits if they become disabled or how much their survivors would receive if the worker dies. The Statement also shows earnings posted to a worker's Social Security record. It's important that employees know and understand the value of Social Security in their lives, and the Social Security Statement can help them to plan for their financial future. By knowing what benefits Social Security will provide, employees can decide how much other income they'll need when they retire, and they can start saving and investing now to ensure a comfortable retirement. Workers may look to you to answer questions about the Social Security Statement.