Economic Stimulus Bill Has $900 Million For Social Security And Bonus For SSI Recipients
Talking Points Memo has a detailed summary of the American Recovery and Reinvestment Act, the economic stimulus bill that is being proposed by the incoming Obama Administration. Here are the Social Security items:This is money to be spent in the next nine months!
- Social Security Administration Modernization: $400 million to replace the 30 year old Social Security Administration's National Computer Center to meet growing needs for processing retirement and disability claims and records storage.
- Social Security Administration Disability Backlog and Claims Processing: $500 million to help the Social Security Administration process a steep rise in disability and retirement claims, getting people their benefits faster, and preventing existing backlogs from getting worse. Within this total, $40 million will help SSI upgrade health information technology.
- Payments to Disabled and Elderly: $4.2 billion to help 7.5 million low-income disabled and elderly individuals with rising costs by providing an additional SSI payment in 2009 equal to the average monthly federal payment under the program (approximately $450 for an individual and $630 for a couple). This one-time payment will serve as an immediate economic stimulus as half of SSI recipients have no other form of income and the other half average outside income of less than $450 per month.
Update: Here is a link to the draft bill. The Social Security appropriations part is on page 205.