SOCIAL SECURITY RECIPIENTS TO GET $250

 

People who collect Social Security or disability benefits will share $13 billion in economic stimulus money, each receiving a onetime $250 payment beginning in May, Vice President Biden announced last week.

More than 50 million recipients of Social Security and Supplemental Security Income, or SSI, will receive the $250 payment sometime in May. Recipients won't have to do anything to get the money, which will be sent separately from their regular monthly benefit. Biden, who is overseeing the $787 billion stimulus program, noted that the Social Security Administration is about six weeks ahead of schedule for distributing the payments.

The vice president noted that a tax cut included in the stimulus bill will take effect in people's paychecks starting April 1. Individuals will get up to $400 total, and married couples $800. 

-Adapted from: “Social Security recipients to get $250” , By Associated Press, March 27, 2009 at http://www.boston.com/news/nation/washington/articles/2009/03/27/social_security_recipients_to_get_250/ retrieved 3/27/09.

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