Almost half a MILLION people will be sent one-time cash payment of $375 to help cope with pandemic
AS negotiations for a new stimulus package appear to be deadlocked – the state of Colorado is taking action by handing out a one-time $375 package to residents.
On Wednesday, Gov. Jared Polis announced the state will be giving out a one-time $375 payment to about 435,000 Coloradans who are struggling financially due to the coronavirus pandemic.
The CDLE estimates those who receive who will receive the help will include around 435,000 Coloradans making less than $52,000 per year.
The stimulus payment is expected to reach about 65 percent of all the people who filed for unemployment benefits since March 15.
The qualifications for the $375 stimulus payment
- Anyone who received at least one dollar of unemployment benefits from March 15 to Oct. 24
- Anyone who was monetarily eligible for a weekly benefit between $25-$500 from March 15 and Oct. 24.
Unemployment benefits includes:
- State unemployment.
- Federal unemployment for ex-service members.
- Pandemic Emergency Unemployment Compensation.
- Pandemic Emergency Assistance.
- Extended Benefits.
- Short-Time Compensation.
- Trade Readjustment Allowance.
- Payments under the Self-Employment Assistance program.
According to the CDLE, since mid-March, a total of 581,334 regular unemployment initial claims have been filed and a grand total of 751,602 claims included federal PUA benefits.
“Colorado can and should act now to help the hardworking people who will help lead us out of this challenging time and that’ what we’re doing today,” Polis said.
According to the state, residents who are eligible to receive the payment do not need to take action.
The CDLE will directly contact anyone who is eligible for the one-time payment.
Eligible folks will receive their payment through ReliaCard or their bank accounts.
Claimants are encouraged to log in to their benefits account to make sure their address is up to date.