Obama proposes US$250 for needy
Source: Agencies |
October 16, 2009, Friday
|
Print Edition
Print Edition
ELDERLY and disabled Americans will see no boost in their Social Security checks next year for the first time since 1975 due to scant inflation, the United States government said yesterday.
Instead, President Barack Obama has proposed giving them a one-time check for US$250 in 2010, at a cost of US$13 billion, to help senior citizens, disabled people and military veterans weather the economic recession.
The annual cost of living adjustment (COLA) for the 57 million people receiving monthly Social Security and Supplemental Security Income benefits is pegged to the Consumer Price Index.
"Last year when consumer prices spiked, largely as a result of higher gas prices, beneficiaries received a 5.8 percent COLA, the largest increase since 1982," Michael Astrue, Commissioner of Social Security, said.
This year there was no increase in the CPI from the third quarter of 2008.
Instead, President Barack Obama has proposed giving them a one-time check for US$250 in 2010, at a cost of US$13 billion, to help senior citizens, disabled people and military veterans weather the economic recession.
The annual cost of living adjustment (COLA) for the 57 million people receiving monthly Social Security and Supplemental Security Income benefits is pegged to the Consumer Price Index.
"Last year when consumer prices spiked, largely as a result of higher gas prices, beneficiaries received a 5.8 percent COLA, the largest increase since 1982," Michael Astrue, Commissioner of Social Security, said.
This year there was no increase in the CPI from the third quarter of 2008.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 娌狪CP璇侊細娌狪CP澶05050403鍙-1
- |
- 浜掕仈缃戞柊闂讳俊鎭湇鍔¤鍙瘉锛31120180004
- |
- 缃戠粶瑙嗗惉璁稿彲璇侊細0909346
- |
- 骞挎挱鐢佃鑺傜洰鍒朵綔璁稿彲璇侊細娌瓧绗354鍙
- |
- 澧炲肩數淇′笟鍔＄粡钀ヨ鍙瘉锛氭勃B2-20120012
Copyright 漏 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
