The Social Security Administration (SSA) confirms that a triple Supplemental Security Income (SSI) payment will be sent out before December 31. The SSA is in charge of sending monthly benefits to retirees, survivors, people with disabilities, and SSI recipients.
This means that people who get SSI will get three payments: two in November and one extra payment ahead of time on December 31. This change to the schedule makes sure that people who are supposed to get help get it on time, even if the due dates fall on weekends or holidays.
Understanding the triple SSI payment before year-end
The Social Security Administration (SSA) sends out more than 70 million checks every month to people who are eligible for retirement, survivor, disability (RSDI), and SSI programs. The SSA makes an annual payment calendar so that there is no confusion and payments are kept track of.
This lets beneficiaries know exactly when they will receive their money. SSI payments are usually made on the first of every month. If this date is a holiday or weekend, the payment is moved to the last business day before the first.
People who get SSI will get two payments in November and a third advance payment on December 31. This is because December 1 and January 1 are both holidays. This arrangement makes sure that payments are made on time, even on holidays or weekends.
How the SSI and RSDI payment schedule works
The SSA manages different programs with distinct payment schedules, explained here according to benefit type:
- SSI program: SSI payments are usually made on the first of each month. However, when the first lands on a weekend or holiday, payments are issued on the last business day before.
- RSDI program (before May 1997): If you retired or applied for benefits before May 1997, you receive payments on the third day of each month, unless this date falls on a holiday or weekend.
With the RSDI program (after May 1997), people who applied for benefits after May 1997 were given a payment schedule based on their birth dates:
- Birthdates from the 1st to the 10th receive checks on the second Wednesday of each month.
- Birthdates from the 11th to the 20th receive their funds on the third Wednesday.
- Birthdates from the 21st to the 31st receive payments on the fourth Wednesday of each month.
Details on the triple SSI payment across November and December
People who get SSI will get three payments from November 1 to December 31. Like every other month, the first payment will be sent out on November 1. But because December 1 is a holiday, the second payment will be sent on November 29, the last business day of the month. Finally, the SSA will send the January 2025 payment early on December 31, since January 1 is a holiday.
When SSI sends out its advance payment on December 31, it will cover not only January 2025, but also the cost-of-living adjustment (COLA) increase. The average benefit will go up from $943 to $967 after this change. Because of this, beneficiaries will get their first payment with the new amount before 2025 even starts.
Key points to note if you’re an SSI beneficiary
If you get SSI, you need to know about these changes to the payment schedule at the end of the year. This change doesn’t mean extra payments; it just means rescheduling to make sure that beneficiaries get their money on time and avoid problems that could happen because of the holidays.
Also, SSI recipients will be the first to see the 2025 increase with their December 31 payment, thanks to the COLA being applied early. With these changes, Social Security hopes to keep payments going smoothly and make sure that recipients can get their money on regular dates.
Also See:- No Social Security payments on Thanksgiving Day, here’s why
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