Social Security Payments Going Paperless, Says US Treasury
December 22nd, 2010 - 9:04 pm ICT by GDBy Ranjan Bhaduri
Dec 22, (THAINDIAN NEWS) In a latest move the US government has decided to go paperless as far as social security is concerned. The residents of USA who would now apply for Social security and other benefits after may next year will be receiving their checks online and no post will be sent to them. It was confirmed by Department of the Treasury. The people who already get these benefits will have to opt for some other ways to keep receiving their checks. Richard L. Gregg the Treasury Fiscal Assistant Secretary said “”Eight in 10 federal benefit recipients already use direct deposit, and now millions of additional retirees, veterans and other Americans will also receive their money in the safest, most reliable way, electronically”. This change will ensure that US taxpayers will get exemption from paying yearly $120 million with paper checks.
The treasury has said that it is about to commence an education campaign for making people aware of the paperless transition foe social security and other benefits. The recipients of social security are asked to make the switch as soon as they can and it will ensure the checks do not get stolen or lost. Apart from that they would be able to get the money on the payment day itself, explained the Commissioner of Social Security Michael J. Astrue. Apart from Social security the change will affect the benefits like Office of Personnel Management payments, Supplemental Security Income, Railroad Retirement Board and Veterans Affairs.
The Obama administration is keen on making the majority of government benefit elated payments electronic by the year 2013. The government will save around $48 million per year in postage.
- Social Security going the paperless way - Dec 23, 2010
- Social Security in America About To Become Paperless From May 2011 - Dec 22, 2010
- 'Pay subsidies directly to beneficiaries to plug leaks' - Feb 24, 2012
- Patty Duke appears in Social Security video - Apr 09, 2011
- Obama seeks to approve $250 payment to seniors - Oct 15, 2009
- No Social Security Increase 2nd Year Straight - Oct 12, 2010
- US Postal Service reports loss on shrinking mail volumes - Nov 16, 2011
- Obama's State of the Union Full Text - Jan 26, 2011
- MTV select their first ever Twitter Jockey - Gabi Gregg - Aug 10, 2010
- US Postal Service posts huge loss - May 11, 2012
- Haryana officials to face action for delaying pensions - Jul 01, 2011
- 'Use of IT for subsidy transfers to drive industry growth' - Mar 17, 2012
- Haryana treasuries to have electronic payment system - Jul 21, 2011
- China to create 2 mn jobs for social workers - Nov 10, 2011
- Unclaimed Money Worth $33 Billion Lying In State Treasuries - May 14, 2010
Tags: assistant secretary, benefit recipients, department of the treasury, direct deposit, education campaign, federal benefit, foe, going paperless, government benefit, office of personnel, office of personnel management, paper checks, railroad retirement board, ranjan, social security, social security payments, supplemental security income, us treasury, veterans affairs, year 2013