![]() The one-time grant payment for GIS recipients who received pandemic benefits is a non-taxable and non-reportable benefit for which recipients will not receive a tax slip. The vast majority (about 98%) of GIS and Allowance recipients are enrolled for direct deposit. The targeted one-time grant payment will be issued to an estimated 211,000 GIS and Allowance recipients who received pandemic benefits in 2020 and who faced a reduction or loss of GIS benefits in July 2021. As GIS benefits are calculated on the basis of the previous year’s income, any change in income in a given year will result in an adjustment of GIS benefits in the following July to June payment period. Tier lll, headed by Pennsylvania State University: Smeal, spans schools ranked 47 to 82. Tier ll includes schools from Cornell University: Johnson, ranked 15, to Babson College: Olin in 46th position. This design ensures the benefits go to the most vulnerable seniors. Tier l includes 14 schools from Insead to National University of Singapore Business School.
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