In its continuing quest to save money, the Social Security Administration has stopped sending taxpayers annual Social Security Earnings Statements. In a brief online statement, the government says, "In light of the current budget situation, we have suspended issuing Social Security Statements. You may be able to estimate your retirement benefit using our online Retirement Estimator."
Social Security's Retirement Estimator tells a person approximately how much they can expect to receive when they reach retirement age.
So what do you do to find out how much your Disability Payments would be if you became disabled?
You have to use one of three Benefit Calculators on Social Security's website. These work fairly well. Typically, our firm finds some of the estimates to be off, but not by too much.
Copyright (c) 2011 by John V. Tucker and Tucker & Ludin, P.A. All rights reserved. For assistance with your Long Term Disability claim, ERISA Disability benefit claim, Florida Social Security Disability claim, or Veterans Disability compensation or pension claim, call Disability Lawyer John Tucker at (866) 282-5260.
Thursday, May 5, 2011
Sunday, May 1, 2011
Social Security and VA Benefit Payments Go Paperless Starting Today - May 1, 2011
To reduce costs, the U.S. Treasury is going paperless. Starting May 1, 2011, the Treasury Department will begin phasing out paper checks. Benefit payments for things like Social Security Disability, SSI and Veterans Compensation will be made through electronic funds transfers directly into recipients' bank accounts. It is estimated that it will take 2 years to change the entire system away from paper checks.
The government estimates that this will save $1 billion over the next decade. This is in part due to the large influx of baby boomers who will begin receiving Social Security retirement checks - 18 million or so. Though a lot of people already get benefits directly deposited into their banks, the government still cuts paper checks to 11 million people.
Anyone that is receiving a check currently will have to change to direct deposit by March 1, 2013. The Treasury Department is saying that they will notify recipients of how to make that switch. If someone does not make the change, they will receive a Direct Express card.
Many of my clients have been doing this for years, and it works very well. Once benefits start, I have never had a client tell me they had a problem with their deposit being made on time.
Copyright (c) 2011 by Florida Disability Benefits Lawyer John V. Tucker and Tucker & Ludin, P.A. All rights reserved. For assistance with your Long Term Disability claim, ERISA Disability benefit claim, Social Security Disability claim, or Veterans Disability compensation or pension claim, call Disability Lawyer John Tucker at (866) 282-5260.
The government estimates that this will save $1 billion over the next decade. This is in part due to the large influx of baby boomers who will begin receiving Social Security retirement checks - 18 million or so. Though a lot of people already get benefits directly deposited into their banks, the government still cuts paper checks to 11 million people.
Anyone that is receiving a check currently will have to change to direct deposit by March 1, 2013. The Treasury Department is saying that they will notify recipients of how to make that switch. If someone does not make the change, they will receive a Direct Express card.
Many of my clients have been doing this for years, and it works very well. Once benefits start, I have never had a client tell me they had a problem with their deposit being made on time.
Copyright (c) 2011 by Florida Disability Benefits Lawyer John V. Tucker and Tucker & Ludin, P.A. All rights reserved. For assistance with your Long Term Disability claim, ERISA Disability benefit claim, Social Security Disability claim, or Veterans Disability compensation or pension claim, call Disability Lawyer John Tucker at (866) 282-5260.
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