Social Security Recipients Given Deadline to Switch
COLUMBIA, S.C. (CNN) – Social Security recipients have less than two months to switch to electronic payments. Paper checks are being phased out in an effort to cut costs. About 93% of payments are now made electronically, but about five millions checks are still mailed each month. The Treasury Department says that mailing costs $4.6 million a month. Those who fail to switch over will still get paper checks after March 1st. A Treasury spokesman says they will contact those people in a quote — “more personal, direct way” — to ask them to switch.