Treasury launches paperless initiative for federal benefits

The Treasury Department is kicking off an initiative to move recipients of federal benefits away from paper payments to direct deposit by March 2013, the Obama administration announced Monday. NextGov reports that new enrollees receiving a range of benefits administered by the Social Security Administration, Veterans Affairs Department, Railroad Retirement Board and Office of Personnel Management will be required to receive payments beginning March 1, 2011, either through direct deposit into a bank account or through a Treasury-issued debit card. All existing check recipients will have to enroll to receive electronic payments by March 1, 2013.

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