Social Security update: Second of March’s double direct payments worth $914 arrives in 15 days
Misty Severi
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There are only 15 days until Supplemental Security Income beneficiaries receive the second of their double payments for March.
The first disbursement was sent out to eligible recipients on March 1, but the second payment will be delivered on Friday, March 31. The second round will take the place of April‘s 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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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 checks on the last business day of the previous month to ensure recipients have the check to pay their bills by the first of the month, according to the agency.
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 the necessary care. Essential people will get two checks for $458 each.
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. But 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, the agency said.