Van Hollen Announces Economic Recovery Payments for Social Security Recipients to Begin Today

Press Release

Date: May 7, 2009
Location: Washington, DC

724,083 Marylanders to Receive $250

Today, Congressman Chris Van Hollen (D-MD) announced that the $250 payments for Social Security recipients as part of the Recovery Act will begin today, with the goal of all payments being sent out by the end of the month. These critical $250 Economic Recovery Payments will go to Americans who were unlikely to qualify for the Making Work Pay tax cut, including older Americans, disabled veterans and others. In Maryland, 724,083 people will receive this much needed money.

"The Recovery Act was an unprecedented investment in our country at a time of economic crisis, and we have already seen this investment start to do its job. In addition to creating or saving 3.5 million jobs and providing a tax cut for 95 percent of working families, it contains $250 Economic Recovery Payments for Social Security recipients," said Van Hollen. "This money will help hundreds of thousands of Marylanders meet some of their basic needs during difficult economic times, making a real difference in the lives of older and disabled Americans."

The Social Security Administration will deliver the $250 payment by check to those recipients who receive their Social Security benefit by check and by direct deposit for those recipients who receive their Social Security benefit by direct deposit.

In addition to the Economic Recovery Payments being made to Social Security recipients, the Recovery Act also provides these payments to disabled veterans and Railroad Retirement recipients. The payments to Railroad Retirement recipients are scheduled to begin to go out in late May and the payments to disabled veterans in June. In total, more than 50 million Americans will get this one-time payment.


Source
arrow_upward