On the recordJune 24, 2021
Madame President, Senator Cassidy and I are reintroducing a simple bill that can have a big impact: the Know Your Social Security Act. The bill clarifies the law about Congressional intent so that every worker over 25 receives a paper Social Security statement in the mail each year, unless the worker has accessed their statement online or declined to receive the statement in the mail. The story is well known in Social Security circles, but it bears repeating: the origin story of the Social Security statement all started with the ``powerful'' Committee on Finance. Senator Daniel Patrick Moynihan spelled out the reasoning: ``All of us pay into Social Security but rarely, until we become beneficiaries, do we ever hear from Social Security . . . in every paycheck, we see money withheld for Social Security, but we hear nary a word from the Social Security Administration. Let us take this simple step [ sending statements] to reassure Americans that Social Security will be there for them.'' After enactment and once fully phased in, every worker aged 25 and older received an annual statement from Social Security starting in the year 2000. After a few years, Social Security's website allowed workers to access their statement online. At the time, that was a nice feature--and did not impact the mailing of statements. Later--to fund more pressing needs--SSA viewed the online option as ``providing'' the worker with a statement and fulfilling the requirements of the law.…
Source
govinfo.gov




