Social Security Statement

Social Security Statement


It is your earnings record that determines the exact amount of your Social Security benefit in the US and how much money you will receive from it. The Social Security Statement you receive about three months before your birthday every year gives you an estimate of this benefit.

You can also call the Social Security toll-free number at (800) 772-1213 and ask for the request form SSA 7004, the “Request for Personal Earnings and Benefit Estimate Statement.” Complete the form, send it back and you will receive a personalized estimate of your benefits, and a statement showing your annual earnings.
In a similar manner of your bank statement, your Social Security summary of annual earnings should be verified against your tax return statements, W-2 forms, or your own records. Report in case of any discrepancy.

Your individual Social Security Statement of estimated benefits can help you to find out how much money you will receive. The information in your statement includes estimates of your future retirement, disability, and survivor benefits. It is important because your career record determines your Social Security benefits. Check the statement to see that your earnings are accurately posted on your Social Security records.

Be Informed and Keep Informed


If you are using a different name on your employment records and have not notified the SSA of the name change, chances are that some of your earnings have not been posted to your Social Security account. If you come across any error in your earnings record, follow the instructions included in the statement to notify the SSA.

Always keep a track of your earnings for the current year in your Social Security Statement since it may not reflect the most recent year earnings. For example, the statement you receive in 2008 may not show your 2007 earnings posted to your account. The SSA processes information throughout the year for the previous year’s earnings based on information received from employers and the IRS. If you have worked for more than one employer during 2007, all your earnings for that year may not be posted to your account at the same time.

Your Social Security Statement will offer an estimate of your retirement benefits if you have already earned at least 40 “credits” during your working life. Every year, the SSA calculates the number of credits you earned that year. The number of credits is calculated based on your reported income.

Your statement also includes:

  • A yearly breakup of your recorded earnings to date
  • The total amount of Social Security taxes paid by you and your employers
  • An estimate of the monthly benefit you could receive if you become physically challenged

Your estimated monthly benefit is based on your current wages. If your income increases in the coming years, your estimated Social Security benefits may also increase. Plus, your Social Security and Supplemental Security Income (SSI) benefits will automatically increase annually based on the rise in the Consumer Price Index (CPI) for Urban Wage Earners and Clerical Workers, from the third quarter of one year to the third quarter of the next year. For more details, you can visit the retirement segment of