The Social Security Advisory Board (SSAD) has issued a draft report on what it refers to as "The Social Security Statement," a document that Social Security refers to as the Personal Earnings and Benefit Estimate Statement (PEBES). This is the yearly report sent to almost everyone who had earnings in a year showing their earnings history and giving information on projected benefit payments under Social Security.
People spend little time reading their PEBES. I doubt that any improvement in PEBES will help.
People spend little time reading their PEBES. I doubt that any improvement in PEBES will help.
2 comments:
I know I'm not insured. I know I'm covered by MQFE credits for Part A Medicare. Yawn. As we used to say in the old days, an estimate is only an estimate. :)
Interest in the statement and the accuracy of the estimate increase as one get's closer to retirment age. As I take claim from retirees, I find that many of them have brought along the statement or know exactly what the estimate was. I don't know how many read the information that is published with your personal data.
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