S.1505 - To ensure that Social Security beneficiaries receive regular statements from the Social Security Administration, and for other purposes. (119th Congress)
Summary
S.1505 aims to ensure Social Security beneficiaries receive regular statements from the Social Security Administration. It mandates that individuals receive paper statements when entering the workforce and at specified intervals based on age. The bill also allows individuals to opt out of receiving these paper statements and authorizes appropriations for the Social Security Administration to carry out these provisions.
Expected Effects
The bill will likely increase the administrative workload and costs for the Social Security Administration. It will also ensure that individuals receive regular updates on their Social Security benefits, even if they do not have an online account. This will provide more people with information about their future benefits.
Potential Benefits
- Increased awareness of Social Security benefits among workers and beneficiaries.
- Regular updates on estimated benefits, aiding financial planning.
- Ensures access to information for those without online access.
- Option to opt-out provides flexibility and reduces unnecessary paper waste.
- Could lead to better understanding and utilization of Social Security benefits.
Potential Disadvantages
- Increased administrative costs for the Social Security Administration.
- Potential for increased paper waste if individuals do not opt-out.
- May not significantly impact those who already actively manage their Social Security accounts online.
- The cost of implementation could strain the Social Security Administration's budget.
- The bill does not address the long-term solvency issues of Social Security.
Constitutional Alignment
The bill aligns with the general welfare clause of the Constitution, as it aims to provide citizens with information about their Social Security benefits. Congress has the power to legislate in areas related to Social Security under Article I, Section 8, which grants it the power to collect taxes and provide for the general welfare of the United States. The bill does not appear to infringe on any specific constitutional rights or limitations.
Impact Assessment: Things You Care About ⓘ
This action has been evaluated across 19 key areas that matter to you. Scores range from 1 (highly disadvantageous) to 5 (highly beneficial).