Social Security update: Direct payment worth $914 arriving in 25 days
Misty Severi
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Supplemental Security Income recipients are set to receive their May payment, worth $914 for individual filers, in 25 days, according to the Social Security Administration.
This payment, scheduled for May 1, will be paid out to recipients of SSI and is one of 12 payments that SSI recipients receive each year. These SSI payments are sent out to recipients on the first business day of the month, but no payment was issued in April.
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For months when the first is on a weekend or holiday, the checks are sent out on the last business day of the previous month, according to the SSA. Because of this quirk in the payment system, recipients got two paychecks in March and none in April.
Other groups also qualify for this payment, including certain eligible couples. Couples will receive a payment of $1,371, and essential people, who live with a person receiving SSI and provide them with necessary care, will get a check worth $458.
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SSI payments were first issued by the Social Security Administration in January 1974, and the amount recipients receive has increased for cost-of-living adjustments each year since 1975, the agency said.
The supplemental payments are separate from the retirement pay that retirees receive each month.