The Social Security Administration has approved a one-time bonus payment of $250 to all recipients of social security income benefit payments, as part of President Obama’s economic stimulus plan.
Of all the ways to spend the economic stimulus money, this is a good one. These payments are going to those who really need it the most.
Washington, DC-MD-VA-WV (1888PressRelease) March 02, 2009 - As part of President Obama’s $780 billion stimulus deal, U.S. Social Security Administration will issue one-time bonus checks for $250 to recipients of Supplemental Security income benefit payments. The bonus payments are part of The American Recovery and Reinvestment Act of 2009, designed to stimulate the U.S. economy in the midst of the current recession.
Recipients of the $250 bonuses include persons receiving railroad retirement benefits, those receiving Supplemental Security Income (SSI) benefits, Social Security Disability Insurance (SSDI) benefits, and veterans disability and other pension benefits.
The bonus payments are only payable to those individuals who were receiving benefits during a three-month time period between November 2008 and January 2009. So for those persons whose benefits expired before that time and for those whose benefits were approved after that time, the one-time bonus payments will not be paid.
According to the U.S. Social Security Administration, payment recipients should receive their bonus checks by the end of May 2009. Those eligible are not required to request the payments, and should automatically receive the bonus payments along with their regular benefit payments with a brief letter of explanation to each recipient.
According to a statement released by the SSA, social security recipients under the age of 18 are not entitled to the bonus payments, and only one $250 check will be issued to each recipient, regardless of whether the recipient is entitled to both, SSI and SSDI benefits. However, for those married couples wherein both spouses are receiving benefits, each spouse will receive a bonus payment.
“This is great news”, stated Jonathan Healy, a partner of Packard Packard & LaPray, a law firm whose social security attorneys represent thousands of social security claimants each year.
“Of all the ways to spend the economic stimulus money, this is, in my opinion, a good one. These payments are going to those who really need it the most”, he continued.
In other related news, the Social Security Administration has implemented a new process that should make disability claim approvals faster for those claimants who are afflicted with certain rare diseases and certain types of cancer.