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May 27, 2020

Financial Assistance is Slow to Come By

Colin Young

There have been complaints from recipients that the second tranche of payment has been slow to come by, since many received their first hundred and fifty dollar payout back in early April.  According to Doctor Young, the S.S.B. is only following the directives of the financial experts put in place to lead the program by the National Oversight Committee.


Dr. Colin Young, Chairman, Social Security Board

“Some persons are already receiving their second disbursements.  Those persons who received payment between April ninth and April thirtieth, they would now start to see their second disbursements showing up in their accounts.  As you know, the instructions to pay come to S.S.B. and then S.S.B. pays according to the instructions that are received by the czars, in this particular case.  So when the instructions were received to start the second disbursements then S.S.B. complies.  Our role, or the S.S.B.’s role as part of this is to deliver the payments to the person’s account and those payments are submitted in list form by the czars. As it relates to S.S.B., I understand from the staff that this is a Herculean effort on the part of the Social Security staff to be dealing with this number of transactions in addition to the normal transactions that the Social Security Board would do on a day-to-day basis.  So the fact that they have successfully paid ninety-four percent of the persons whose names were submitted to the board, some forty thousand plus persons, I think is testament to the hard work that they are doing at the Social Security Board.  I know from the point of view of people who are still waiting for their payments, that small consolation, because I certain that people are in need of this money and that is why we are continuously looking at how to improve the speed in terms of getting persons this relief.”

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