The Social Security Administration announced it will no longer issue paper checks for benefit payments starting Sept. 30 this year as part of a government-wide modernization effort.
“By moving to electronic payments exclusively, we aim to improve efficiency, security and ensure beneficiaries receive their monthly benefits promptly,” the administration said in a news release.
This transition only affects about 1% of beneficiaries still receiving paper checks, the administration said. Those recipients can choose from two payment options before the September deadline.
Recipients can update their payment information in their my Social Security account.
Paperless government has been on the rise in recent years. The administration cited quicker processing, cost cutting benefits and enhanced security for its transition.
It estimated the change will save 35 cents on every payment.
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