Social Security update: Direct payment worth $914 to arrive in one day
Misty Severi
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The second of March’s double Supplemental Security Income payments, worth $914 for individual filers, will be sent out to recipients Friday.
The payment will be delivered on the last day of March, and it will take the place of April’s monthly payment. This is because April 1 falls on a Saturday this year. The first disbursement, which constituted March’s regular payment, was sent to all eligible recipients on March 1.
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Other groups also qualify for the double payment, including certain eligible couples. 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 for $458 each. Individual recipients should get a total of $1,828 this month.
The Social Security Administration typically only issues one monthly SSI check, and it is disbursed on the first day of the month. However, when the first day of a month is a holiday or weekend, the administration releases that month’s checks on the last business day of the previous month to ensure recipients have the check by the first, according to the agency.
There are three other months in which people will see two payments this year: June, September, and December. This is because the first of the month occurs on a weekend in July and October. December sees two checks every year because Jan. 1 is a federal holiday.
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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.