Social Security update: Direct payment worth $914 arriving in 17 days
Misty Severi
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Supplemental Security Income beneficiaries will receive their monthly payments, worth $914 for individual filers, in 17 days.
The payments will be sent out to eligible recipients on May 1, and different amounts will be distributed to individual filers, joint filers, and essential persons.
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Eligible couples will receive $1,371, while essential persons, who live with someone receiving SSI and provide them with necessary care, will get $458. Individual filers receive the $914 monthly checks.
The payments are delivered to beneficiaries on the first day of the month, except when the first of a month falls on a weekend or a holiday. In that case, the Social Security Administration issues its monthly SSI checks on the last business day prior to the month so recipients can have the check by the first of the month, per the agency.
With the adjusted schedule, recipients get two checks in the same calendar month multiple times a year. However, beneficiaries continue to receive a total of 12 checks per year.
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This year, there are four months in which two payments will be delivered under the same month: March, June, September, and December. This is because the first of the month falls on a weekend in April, July, and October, and Jan. 1 is a holiday.
SSI payments were first issued by the Social Security Administration in January 1974, and payment rates have increased for cost-of-living adjustments since 1975, according to the agency.