U.S. Treasurer Rosie Rios started a "countdown clock" recently to began the official countdown to March 1, 2013 -- the date by which all federal benefit recipients must receive their Social Security and other federal benefit payments electronically through direct deposit.

According to the U.S. Treasury Department, about 90% of Social Security and Supplemental Security Income (SSI) payments are being made electronically, and Rios said the Treasury is "urging the remaining 10% of federal benefit recipients who still receive a paper check to make the switch to electronic payments as soon as possible."

It's a move that would save taxpayers $1 billion over ten years. "The sooner everyone makes the switch, the sooner we'll realize those benefits," she added.  (News Now, 03/05/12)  Direct deposit is also a safer and more reliable way to receive benefits.

 

Make the switch at GoDirect.org or by phone to the Treasury Electronic Payment Solution Center at 1-800-333-1795.  Coosa Pines members may call or visit a local branch for assistance.