NOTE: This blog was posted in March of 2009 and covers news about the The American Recovery and Reinvestment Act of 2009
A press release from the Social Security Administration states that Vice President Joe Biden and Michael J. Astute, Commissioner of Social Security, announced that the federal government will send out $250 stimulus payments to people who receive Social Security Income benefits at the first of May and will continue throughout the month. The payment will simply come within the month separately from the persons regular monthly check. The checks combined will inject $13 billion into the economy.
“The Social Security Administration and Commissioner Astrue have been working closely with other federal agencies to get these payments out the door in record time and into the hands of folks who need it most. These are checks that will make a big difference in the lives of older Americans and people with disabilities – many of whom have been hit especially hard by the economic crisis that has swept across the country.”
-Vice President Joe Biden
“We have been working diligently to issue the $250 one-time recovery payments as soon as possible. The legislation requires extensive coordination with other federal agencies and I’m pleased we are on track to issue these recovery payments earlier than the statute requires. Soon more than $13 billion will be in the hands of more than 50 million Americans.”
-Social Security Commissioner Michael J. Astute
More detailed information can be found at the following address: www.socialsecurity.gov/payment
The press release can be viewed here.