The Social Security Administration (SSA) will send out back-to-back payments to millions of beneficiaries this week. The payments will go to those in the Supplemental Security Income (SSI) program and the retirement, survivor, and disability insurance (RSDI) program. The payments are crucial for many seniors.
They rely on them as their main or only source of income. The money helps cover costs like housing, food, health care, and transportation. The SSA sends out payments five times each month.
It bases the schedule on a person’s retirement age, work history, Social Security contributions, and income and resources. SSI payments usually go out on the first of the month. If the first falls on a weekend or holiday, the SSA sends the money on the last business day before.
For RSDI, there are two groups.
Social Security payment schedules explained
Those who claimed benefits before May 1997 get paid on the third of the month.
Those who claimed after May 1997 are paid based on their birthday:
– Born from the 1st to the 10th: Paid on the second Wednesday
– Born from the 11th to the 20th: Paid on the third Wednesday
– Born from the 21st to the 31st: Paid on the fourth Wednesday
Next week, the last July payment will go out on Wednesday the 31st. This is for retirees born from the 21st to the 31st. SSI recipients will then get their payments on Thursday, August 1st.
The average SSI payment next week will be $698 per month. But the exact amounts for SSI and retirees depend on their specific situation. This includes things like their filing category, full retirement age, work history, and Social Security contributions.
If a payment does not arrive on time, the SSA says to wait three mailing days. After that, the person can contact SSA customer service for help. More details on Social Security payment amounts and schedules are on the SSA’s official website.
