[BITList] 600,000 lost / year!

[CT's]

The US government check will no longer be in the mail.

      [Every year, the government has to process about 600,000 claims for lost or stolen checks.]
      one of the 425 comments on this article is of interest...”it called the new world order its only the start.please wake up read your bible it in there. “
      could it be that the devil made me do it?
      ct


      Soon the government check won't be in the mail
      Government announces deadline for phasing out paper benefit checks including Social Security 

       
        a.. a.. a.. 
      Martin Crutsinger, AP Economics Writer, On Tuesday December 21, 2010, 3:58 am EST
      WASHINGTON (AP) -- 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.

      "Even though we have done a good job of encouraging people to switch over, we still are making 120 million payments by mail for Social Security every year and another 15 million annually for veterans and other types of benefits," Gregg said.

      Every year, the government has to process about 600,000 claims for lost or stolen checks. Social Security will save $1 billion over the next decade from phasing out paper checks, he said.



      Every year, the government has to process about 600,000 claims for lost or stolen checks
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