September 2, 2014

SS, Rail Retirement benefits go electronic

Come May 1, Social Security and Railroad Retirement checks for new recipients no longer will be mailed. The Social Security Administration and the Railroad Retirement Board are going paperless — sending payment electronically (direct deposit) to those receiving retirement, disability and survivor benefits. Those already receiving Social Security and Railroad Retirement benefits will have until March [...]

Proposal mandates electronic RRB checks

Paper checks may be a thing of the past for U.S. Railroad Retirement Board (RRB) beneficiaries who still receive them, under a recent initiative announced by the Department of the Treasury, according to the Railroad Retirement Board. One part of the Treasury initiative would eliminate the vast majority of paper checks for federal benefit payments [...]