Social Security update: Second of March’s double direct payments worth $914 arrives in 11 days
Misty Severi
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Supplemental Security Income beneficiaries will receive their second payment of March’s double payments in 11 days.
The second payment will be delivered on Friday. It will take the place of April‘s payment because April 1 will be on a Saturday this year. The first disbursement was sent out to eligible recipients on March 1. Each payment is worth $914 for individual filers, meaning those recipients will get $1,828 total in March.
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Other groups qualify for the double payment as well. Eligible couples will receive two payments of $1,371 in March, and essential people, who live with a person receiving SSI and provide them with necessary care, will get two checks of $458 each.
The Social Security Administration typically hands out one monthly SSI check, which is disbursed on the first day of the month. But when the first day of a month is a holiday or weekend, the administration releases the checks on the last business day of the previous month. That ensures recipients have the check by the first of the month, according to the agency.
Recipients receive two checks in the same calendar month multiple times a year, but they continue to receive a total of 12 payments per year.
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Three other months will also see two payments this year: June, September, and December. This is because the first of the month falls on a weekend in July and October. December sees two checks every year because Jan. 1 is a national holiday.
SSI payments were initially provided by the Social Security Administration in January 1974, and payment rates have increased for cost-of-living adjustments each year since 1975, the agency said. The supplemental payments are separate from the retirement payments that retirees receive each month.