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Baby Boomers to Experience Paperless Social Security Filing in the Future |
Article Submitted by: Mesriani Law Group
Friday, 22 January 2010
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The Social Security Administration in Washington is envisioning that in the future, 10,000 baby boomers will apply for social security benefits every day.
They introduced the program recently to the public which will allow people to get their retirement or disability benefits through an online service system. This will make everything easier for them because they won't have to go to a Social Security field office.
Actress Patty Duke testifies that the program is user-friendly enough for the older generation. "We have nearly 80 million baby boomers coming in," Social Security Commissioner Michael Astrue told The Associated Press. "We just don't have the infrastructure to handle that workload in the traditional fashion."
According to the administration, they are estimating the baby boomers will become 10,000 a day for the following next 20 years.
Prior to this new application, the past applicants had to mail or deliver paper documents with their signatures, copies of birth certificates or W-2 forms. This time they are hoping for the process to be paperless if possible.
Social Security program is based on the income the citizen has earned all throughout the years he's been working. The Social Security has a separate eligibility rules for some specific types of workers like:
• Federal, state, and local government workers
• Workers for non-profit organizations
• Members of the military
• Household workers
• Farm workers
Sixty-five years old is the full retirement age before he can get his retirement benefit. But now it depends on the year the employee was born.
According to their website, "Age 65 is still considered full retirement age for anyone born before 1938. However, full retirement age gradually increases from age 65 to 67 for people born in 1938 or later.
For anyone born after 1960, the full retirement age is 67. The system does provide for early retirement at age 62, but also offers higher benefits for people who wait to make their claims after reaching full retirement age."
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