Social Security Right to Know Act

The Social Security Right to Know Act would require the Social Security Administration to include more detailed financial information in the annual statements sent to workers. These updates would clearly list the total combined tax rates paid by both employees and employers, as well as a comparison of the total taxes collected by the program versus the total benefits paid out nationally each year. The goal of the bill is to provide citizens with a more comprehensive view of the program’s overall financial status and their individual contributions to it.