In an effort to save money and drive more people to its online portal, the Social Security Administration will transition away from paper earnings mail outs.
The statements, which are mailed to 150 million people annually, tell workers how much money they will receive from Social Security if they retire at various ages, helping people plan for retirement. They cost $70 million a year to mail.
The SSA hopes to have online statements launched by the end of the year, provided it can resolve security issues on the site. If those aren't resolved, the agency will return to paper mailers.
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