Social Security update: Direct payment worth $914 arriving in 21 days
Jack Birle
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Supplemental Security Income beneficiaries are 21 days away from their monthly payments worth $914 for individual filers.
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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For individual participants, the rate for payments is $914 per month, and the rate for eligible couples is $1,371. Essential persons, people who live with someone receiving SSI and provide them with necessary care, have a monthly payment rate of $458.
The payments are delivered to beneficiaries on the first day of the month. When the first of a month falls on a weekend or a holiday, the Social Security Administration issues monthly SSI checks on the business day prior to that so recipients can have the check by the first of the month, per the agency.
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This results in recipients getting two checks in the same calendar month multiple times a year. However, beneficiaries continue to receive a total of 12 checks per year. 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, October, and January 2024.
SSI payments were first issued by the Social Security Administration in January 1974, with payment rates increasing for cost-of-living adjustments since 1975, according to the agency.