Congress to vote on bonus payments for Social Security

By Deon Guillory - bio | email
Posted by Shawn Maclauchlan

RICHMOND, VA (WWBT) - The Social Security administration is expected to announce there won't be a cost of living increase for 2011.

Despite that, the millions of people who rely on Social Security benefits may still get some extra cash.

58 million people get Social Security benefits each month and without the cost of living increase, it makes things even harder when living on a fixed income.

But congress is hoping to help ease the pain in your wallet.

Next month, the House is expected to vote for a one time payment of $250 to all those who get Social Security checks to make up for no living increase.

These payments would be similar to those provided by the government's massive economic recovery package last year.

The Feds say there won't be an increase because there's no change in inflation.

This is the second year in a row for no cost of living increase.

Congress will vote on that one time payment of $250 after the November second election.

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