The funds provided by social programs like Supplemental Security Income (SSI) have become an essential source of income for many low-income families across the nation.
It is understandable that beneficiaries are eager to know when they can access the resources. Month after month, the Social Security Administration (SSA) ensures that thousands of beneficiaries receive their much-needed financial support.
SSI Payment Schedule
Payments are made in different stages, based on the recipients' date of birth. However, payments are due on the same day each month, regardless of the specific date.
Based on the information provided by the Social Security Administration (SSA), payments are consistently made at 12:01 a.m. on the scheduled payment date. Resources for SSI are distributed on the 1st of every month.
However, if the recipient also receives Social Security Disability Income (SSDI), this payment will be deposited at 12:01 a.m. on the 3rd of each month, according to Marca.
Normally, the Social Security Administration issues a single Supplemental Social Security (SSI) payment per month, distributing checks on the first day of the month, except for weekends or holidays.
Who Will Receive 2 SSI Payments in May?
Due to the fact that June 1st lands on a Saturday, individuals who receive SSI will be receiving two payments in the month of May.
The initial payment is scheduled to be delivered on May 1, with the subsequent payment following on May 31.
SSI benefits offer crucial assistance to individuals who are disabled or elderly and have limited financial resources.
Retirees are not receiving extra money with the consecutive deposits; rather, it is an early payment for the following month.
In January, larger payments were distributed to over 66 million Americans who are collecting Social Security.
According to Fox Business, the payment increase saw a significant drop compared to 2023, when recipients experienced an 8.7% rise, the highest in forty years.
Nevertheless, it is still higher than the average increase of 2.6% recorded over the past two decades.
This significant increase resulted in a monthly boost of approximately $59 for the average retiree benefit of $1,907.
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