Tuesday, December 21, 2010

Soon the government check won't be in the mail

Before too long, the government check will no longer be in the mail.

Officials have settled on the dates when millions of people will no longer be able to get their Social Security and other benefit checks by mail.

New recipients of benefits will have to accept paperless payments starting on May 1 of next year, three months later than first proposed.

Those already on Social Security will have until March 1, 2013 to make the switch to direct deposits or a debit card.

More than 58 million retirees, disabled people and surviving family members receive Social Security or Supplemental Security benefits. Already eight out of 10 people getting federal benefits receive those payments electronically, officials say.

The switch to electronic payments will eliminate the problem of lost or stolen checks and also the problems faced by people displaced from their homes who have to worry about getting their checks mailed to them, said Richard L. Gregg, the Treasury Department's assistant fiscal secretary.


Source and More:
http://hosted.ap.org/dynamic/stories/U/US_GOVERNMENT_CHECKS?SITE=AP&SECTION=HOME&TEMPLATE=DEFAULT&CTIME=2010-12-21-03-58-46

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