Eye Opener: Federal Retirees to Get $250?
Happy Thursday! Federal employees ineligible to receive Social Security benefits would still get a one-time $250 payment next year if President Obama gets his way.
The president wants Congress to make the one-time payments to roughly 57 million people, including roughly 1 million public sector employees ineligible for Social Security, Supplemental Security Income, or veterans benefits.
“This additional assistance will be especially important in the coming months, as countless seniors and others have seen their retirement accounts and home values decline as a result of this economic crisis," Obama said in a statement issued Wednesday.
“This payment would come as a welcome relief to federal retirees and survivors at a time when most will shoulder a 12 to 15 percent health insurance premium increase in a year they will receive no cost of living adjustment,” Margaret L. Baptiste, president of the National Active and Retired Federal Employees Association said in a statement. “We commend the president for supporting a payment to older Americans that will help them make ends meet and for including government retirees who are not eligible to receive Social Security.”
Obama endorsed the idea, expected to cost at least $13 billion, "as the administration gropes for ways to sustain an apparent economic rebound without the kind of massive spending package that critics could label a second stimulus act," colleagues Amy Goldstein and Neil Irwin report.
"In recent weeks, the White House has examined a wide range of proposals to funnel money to constituencies seen as suffering. Administration officials have also been supportive of extending unemployment insurance benefits that were to expire at the end of the year and are contemplating an extension of an $8,000 tax credit for first-time home buyers due to expire Nov. 30."
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• NTSB Faults Pilots, FAA in 2007 Charter Plane Crash: The crash might have been averted if federal inspectors had noticed that the charter airline allowed a convicted drug runner to conduct critical safety checks, accident investigators ruled Wednesday.
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• GAO Report on Enhancing Food Safety of Imported Foods: The report points out the potential risks of imported foods and what our agencies, FSIS and FDA, can do lighten that risk.
• IRS Touts Its Amnesty, Trains Sights on Evaders: The agency said more than 7,500 U.S. taxpayers with undeclared offshore accounts had stepped forward under its limited amnesty program, and it announced a new push to stop tax evaders from moving funds between foreign countries.
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• Administration Fights to Protect Secret Propaganda Budget: The Pentagon’s secretive Information Operations budget keeps tripping over some basic information -- like how much it costs.
| October 15, 2009; 6:40 AM ET
Categories: Eye Opener, Workplace Issues
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