If you noticed that you stopped receiving those annual paper Social Security benefit statements, you may be interested to hear that the SSA plans to start mailing them again—just not as often.
The statements used to be mailed out each year, but were eliminated in 2011 as part of budget cuts. As reported by Reuters, the SSA will resume mailing out the statements this fall, but only every five years, and only to workers who haven’t signed up to view their statements online. This means that workers who receive paper statements will receive one during the year in which they turned 25, 30, 35 and so on up to age 60.
As you may recall, the SSA annual statements included an estimate of monthly benefits at various claiming ages, as well as information regarding the estimated monthly benefits in the event that a Social Security disability claim is filed. They also explain how benefits are calculated, and displays the worker's history of income subject to Social Security tax. If you don’t want to wait five years to check the status of your accrued Social Security benefits, consider creating a “my SocialSecurity” with the SSA by signing up online here.