Social Security update: Cash payment worth $914 arrives in 24 days
Rachel Schilke
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Supplemental Security Income recipients will receive their second payment of up to $914 for September in 24 days, part of a rare double payment in the month.
The second payment will go out on Sept. 29, and it will replace October’s payment. It falls nearly a month after the first payment, which went out on Sept. 1. The double payment is because of a scheduling quirk in the Social Security Administration’s calendar that gives recipients two payments in one month if the 1st of the following month falls on a weekend.
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Recipients usually just receive one check each month, but there are four months that beneficiaries will get two checks this year: March, June, September, and December. This is because the first of the month is on a weekend in April, July, and October, and Jan. 1 is always a holiday.
When there are two payments in a month, the second is normally on the last day of the month. In the case of October, the first is on a Sunday, placing the month’s payment on Sept. 29 as Sept. 30 is a Saturday.
In order to qualify for the Supplemental Security program, a person has to be 65 or over and meet specific financial requirements. Those under 65 could also qualify if they are at least partially blind or have a physical or mental condition that seriously limits their daily activities for at least one year or is expected to result in death.
Children may also qualify for the payments if they are at least partially blind or have a physical or mental condition that limits their daily activities for at least a year and their parents or legal guardians have limited income or savings.
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The payment amount for beneficiaries varies depending on how they file for the benefits. For individuals, the rate for payments is up to $914 per month. The rate for eligible couples is up to $1,371 per month. Essential persons, who are defined as people who live with someone receiving SSI and provide them with necessary care, can collect a monthly payment of $458.
The 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.