The Social Security Administration will deliver $250 economic recovery payments to more than 50 million America’s seniors and disabled veterans as part of the American Recovery and Reinvestment Act.According to South Carolina’s Sixth District Congressman Jim Clyburn, “The $250 recovery payments will be a lifeline to millions of America’s seniors and disabled veterans during these tough economic times. And economists agree, we get the biggest ‘bang for the buck’ with this kind of funding as the money will almost immediately be reinvested back into the economy.”
In a statement Thursday, Clyburn says that for South Carolina, $412.87 million in payments will go to 748,319 Social Security recipients.
Starting today, the federal Social Security Administration will deliver the $250 payments by check and direct deposit to Social Security recipients. Payments will also go to Supplemental Security Income (SSI) recipients, Railroad Retirement recipients, and disabled veterans.