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May 1 , 2009

Velázquez Announces Economic Recovery Payments

$250 Checks to be Mailed Beginning May 7 to Social Security Recipients

Washington, D.C. – Social Security recipients in New York City will soon receive $250 economic recovery payments provided by the American Recovery and Reinvestment Act, Congresswoman Nydia M. Velázquez (D-NY) announced today.  Checks will begin to go out tomorrow, May 7, with the goal of all payments being sent by the end of May.   Payments to recipients of Supplemental Security Income (SSI) benefits will also begin to go out by mid-May.  In New York’s 12th Congressional District, $23.44 million will be distributed to Social Security and SSI recipients in the coming weeks.

“These economic recovery payments can make a real difference in the lives of millions of older and disabled residents – many of whom have been hit especially hard by the economic crisis,” Velázquez said.  “Across the state, more than 2.8 million New Yorkers will receive a $250 payment to help meet some of their basic needs, and the funding should boost the local economy through consumer spending.”

Millions of Social Security recipients receiving economic recovery payments are widowed, divorced, or single.  Many are also seniors with low incomes.  The money is expected to make a real difference for those struggling to pay housing costs, keep food on the table and cover other expenses.  Nearly one-third of all non-married seniors receiving Social Security have no other source of income.

“The Recovery Act is helping to bolster the sagging economy by creating new jobs, investing in our City’s infrastructure and spurring spending.  These critical Economic Recovery Payments help older New Yorkers, disabled veterans and other vulnerable populations,” Velázquez said. 

In addition to the payments being made to Social Security and SSI recipients, the Recovery Act also provides 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.  If someone regularly receives benefits from two or more of these programs – such as Social Security and Railroad Retirement, or a disabled veterans’ benefit and SSI – he or she will receive just one $250 payment.

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