The fact that the first payment for December is almost here is wonderful news for retirees who receive Social Security. Payments are made at various periods by the five programs under the supervision of the Social Security Administration (SSA).
These include supplemental security income (SSI), disability, retirement, survivors, and family. Soon, the first payments will be made.
But that’s not exactly correct. Although SSA payments come in a variety of forms, the two primary ones are:
- SSI payments
- Survivors, disability, family, retirement: and these are divided into two different categories as well. Those who started claiming benefits before May 1997
- Those who started claiming benefits after May 1997
The Social Security payment schedule
SSI benefits are distributed on the first of each month. Naturally, this is only effective if the date is neither a weekend or a national holiday. In order to prevent delays, the money is issued early if it does. During the month of December.
A duplicate payment can result from the payment being made a month early if the 1st fell on a Sunday. The issue occurs so frequently that the SSA released a statement outlining:
“We do this so that you don’t have to go without money and so that you don’t have to wait past the first of the month to get your payment,” the SSA stated in a 2022 blog post. You do not need to get in touch with us to report the second payment because this does not imply that you received a second one last month.
Those who began receiving payments before to May 1997 are still receiving them on the third of each month. They are subject to the same weekend and national holiday regulations as SSI recipients. On Tuesday of last week, the payment for this month was sent out on schedule.
The final category of payments is those provided to recipients who began receiving benefits after May 1997. Since these payments account for the majority of the funds that the SSA distributes, their regulations are more intricate. As a result, they are divided according to the beneficiary’s birthdate. The distribution timetable is extremely straightforward, and it doesn’t have to be as difficult as it seems.
On the second Wednesday of the month, those whose birthdays fall between the first and tenth of the month receive their money.
The third Wednesday is when those with birthdays between the 11th and the 20th receive their money, and the fourth Wednesday is when those with birthdays between the 21st and the 31st receive their money. Even after the National Holiday date change, these advantages remain in effect.
This implies that actual people will receive their money on December 11th if their birthday falls between January 1st and October 10th. The funds will also be transferred in the following ways:
- December 18: Payment for those with a birthday between the 11th and 20th of any month and are beneficiaries after May 1997.
- December 24: Payment for those born between the 21st and 31st of any month, and are beneficiaries after May 1997. The payment should go out on the 25th, but that is Christmas Day, and thus a National Holiday. This means that the payment is delivered in advance to ensure that beneficiaries are not negatively affected by any potential delays.
Even though the year’s last SSI payment was made in December and has already been distributed, an additional payment will be made in 2024. Due to the January 1 holiday, that payment is for January and will be sent on December 31.
In other words, this payment will already include the 2.5% cost of living rise that will be applied to all benefits in the upcoming year.
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Eliot Pierce is a dedicated writer for ChiefsFocus.com, covering local crime and finance news. With a keen eye for detail and a passion for storytelling, Eliot aims to provide his readers with clear and insightful analysis, helping them navigate the complexities of their financial lives while staying informed about important local events. His commitment to delivering accurate and engaging content makes him a valuable resource for the community.