US - Beneficiaries to get one-time reimbursement

greenspun.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.

http://home.abc28.com/Global/story.asp?S=316733&nav=0zGK2RaY

-- Doris (nocents@bellsouth.net), May 01, 2001


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