Vote likely this week on one-time payment of $250

The House and Senate are likely to vote this week on the Seniors Protection Act of 2010, H.R. 5987. This legislation would grant a one-time payment of $250 to Social Security and Supplemental Security Income (SSI) beneficiaries who are seniors, veterans, and people with disabilities. This payment would be in lieu of the cost of living increase (COLA), which is not payable in 2011 due to the economy and the formula established in the law for paying COLAs. H.R. 5987 is sponsored by Representative Earl Pomeroy (D-ND), a long-time advocate of the Social Security programs and people with disabilities, who lost his bid for re-election.

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