To address an unpaid retirement savings plan while receiving Social Security benefits, first verify the plan’s status with the employer or provider. Contact human resources to confirm contribution elections or resolve administrative errors. If contributions were intentionally omitted, consider补缴 (catch-up) payments, though penalties may apply. Social Security provides a baseline income (averaging $1,543 monthly in 2023), but supplementing with IRAs, part-time work, or annuities is advisable. Consult a tax advisor to optimize benefits and avoid penalties for early withdrawals.

Social Security serves as a critical safety net for retirement, but its replacement rate (about 42% of pre-retirement income) is insufficient alone. Only 49% of U.S. workers contribute to retirement plans, per the 2023 Federal Reserve Survey, highlighting systemic gaps. When plans underperform or contributions stop, individuals must rely on alternative savings. For example, 30% of baby boomers lack sufficient retirement funds, per the SSA, necessitating proactive measures like Roth IRAs or employer-sponsored plans. Missing retirement plan payments may also trigger tax penalties (10% for early withdrawals under 59½), but Social Security remains unaffected. Proactive financial planning, including catch-up contributions and diversified income streams, is essential to mitigate risks. Data from the Bureau of Labor Statistics shows that 61% of workers prioritize Social Security over private pensions, underscoring its role as a primary retirement source when other plans fail.