Your Social Security Statement Template
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Your Social Security Statement
Prepared especially for Wanda Worker
January 2, 2007
See inside for your personal information
What’s inside…
WANDA WORKER
456 ANYWHERE AVENUE
Your Estimated Benefits ...............................................................2
MAINTOWN, USA 11111-1111
Your Earnings Record ...................................................................3
Some Facts About Social Security ...............................................4
If You Need More Information .....................................................4
To Request This Statement In Spanish ........................................4
(Para Solicitar Una Declaración en Español)
What Social Security Means To You
This Social Security Statement will help you
Today there are more than 37 million Americans age
understand what Social Security means to you
65 or older. Their Social Security retirement benefits
and your family. This Statement can help you
are funded by today’s workers and their employers who
better plan for your financial future. It gives you
jointly pay Social Security taxes — just as the money
estimates of your Social Security benefits under
they paid into Social Security was used to pay benefits
current law. Each year, we will send you an updated
to those who retired before them. Unless action is taken
Statement including your latest reported earnings.
soon to strengthen Social Security, in just 10 years we
Be sure to read this Statement carefully. If
will begin paying more in benefits than we collect in
you think there may be a mistake, please let us
taxes. Without changes, by 2040 the Social Security
know. That’s important because your benefits
Trust Fund will be exhausted.* By then, the number
will be based on our record of your lifetime
of Americans 65 or older is expected to have doubled.
earnings. We recommend you keep a copy of
There won’t be enough younger people working to pay
this Statement with your financial records.
all of the benefits owed to those who are retiring. At that
point, there will be enough money to pay only about
Social Security is for people of all ages…
74 cents for each dollar of scheduled benefits. We will
It can help you whether you’re young or old, male or
need to resolve these issues soon to make sure Social
female, single or with a family. It’s there for you when
Security continues to provide a foundation of protection
you retire, but it’s more than a retirement program.
for future generations as it has done in the past.
Social Security also can provide benefits if you become
disabled and help support your family when you die.
Social Security on the Net…
Visit on the Internet to
Work to build a secure future…
learn more about Social Security. You can read our
Social Security is the largest source of income for
publications, use the Social Security Benefit Calculators
most elderly Americans today. It is very important
to calculate future benefits, apply for retirement,
to remember that Social Security was never
spouse’s or disability benefits, or subscribe to eNews
intended to be your only source of income when
for up-to-date information about Social Security.
you retire. Social Security can’t do it all. You also
will need other savings, investments, pensions or
retirement accounts to make sure you have enough
money to live comfortably when you retire.
About Social Security’s future…
Jo Anne B. Barnhart
Social Security is a compact between generations. For
Commissioner
more than 70 years, America has kept the promise
of security for its workers and their families. But
now, the Social Security system is facing serious
future financial problems, and action is needed
soon to make sure that the system is sound when
* These estimates of the future financial status of
today’s younger workers are ready for retirement.
the Social Security program were produced by the
actuaries at the Social Security Administration based
on the intermediate assumptions from the Social
Security Trustees’ Annual Report to the Congress.
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