Sunday, September 24, 2023

Social Security update: Direct payment worth $914 arrives in 20 days

Social Security update : Just under three weeks from now, recipients of the Social Security Administration’s Supplemental Security Income program will receive their second June payments, worth up to $914.

The payment will go out in 20 days, on Friday, June 30, and will be the second of two checks for June. On June 1, the first letter was sent.

As a result of a quirk in the Social Security Administration’s schedule, recipients receive a double payment in June when the first of the following month falls on a weekend. Because July 1 falls on a weekend this year, the second payment for June takes the place of July’s payment.

Beneficiaries receive different amounts depending on whether they are single filers, joint filers, or essential persons. The Social Security Administration pays $914 every month to individual SSI recipients, $1,371 to couples, and $458 to essential persons who live with people receiving SSI payments and provide them with needed care.

Retirees receive SSI benefits on top of their regular Social Security payments. Adults and children with blindness or another disability and limited income are eligible for SSI payments.

A person must be over 65, partially blind, or suffering from a physical or mental impairment that seriously limits their daily activities for a period of a year or longer or is expected to result in death to qualify for SSI.

Despite receiving two checks in some months and none in others, beneficiaries still receive 12 checks per year under the adjusted schedule. This year, two payments will be delivered in the same month in four months: March, June, September, and December. The first of the month always falls on a weekend or holiday in April, July, and October, and Jan. 1 is always a holiday.

According to the Social Security Administration, SSI payments began in January 1974, and payment rates have increased for cost-of-living adjustments since 1975.

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