Social Security update: Second of March’s double direct payments worth $914 arrives in 16 days
Misty Severi
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Supplemental Security Income beneficiaries will receive the second of two payments for March in just over two weeks.
The first disbursement was sent out to eligible recipients on March 1, and the next payment will be delivered on March 31. The second payment will take the place of the April payment because April 1 will be on a Saturday this year. Each payment is worth $914 for individual filers, meaning those recipients will get $1,828 total in March.
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Other groups that qualify for the double payment include eligible couples, who 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. Essential people will get two checks of $458 each.
The Social Security Administration typically issues one monthly SSI check on the first day of the month. But when the first day of a month is a holiday or weekend, the administration releases the check on the last business day of the previous month to ensure 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 still 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 first issued by the Social Security Administration in January 1974, and payment rates have increased for cost-of-living adjustments each year since 1975, according to the agency.