US - Beneficiaries to get one-time reimbursementgreenspun.com : LUSENET : Grassroots Information Coordination Center (GICC) : One Thread
Washington-AP -- Social Security recipients will find a little something extra in their mailboxes this summer.
They'll be getting an extra check to make up for a one (b) billion-dollar shortfall in payments caused by a computer glitch.
It won't be a big payment -- about 19 dollars for most people.
But it's costing the government about 50 (m) million dollars to fix the problem.
A software glitch caused the government to understate the consumer inflation rate, which is used to calculate an annual increase in benefits.
Most beneficiaries have received about a dollar less per month than they should have since January 2000.
-- Doris (email@example.com), May 01, 2001