Social Security update: Direct SSI payment worth $914 arriving in four weeks after January freeze

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FILE – Twenty dollar bills are counted on June 15, 2018, in North Andover, Massachusetts. (AP Photo/Elise Amendola, File) Elise Amendola/AP

Social Security update: Direct SSI payment worth $914 arriving in four weeks after January freeze

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Supplemental Security Income recipients are scheduled to receive their next payment at the start of next month.

The payment, scheduled for Feb. 1, will give recipients a payment of $914. Additionally, eligible couples for SSI and essential persons, meaning someone who lives with a person receiving SSI and provides necessary care, will also get a second December payment on Dec. 30. Couples will receive $1,371, and essential persons will get $458, according to the Social Security Administration.

SSI recipients are receiving no payment for the month of January due to receiving two payments in December 2022. The last payment that SSI recipients received was given on Dec. 30 due to Jan. 1 being a holiday.

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The Dec. 30 payment of $914 was slightly higher than the Dec. 1 payment due to a cost-of-living adjustment made by the SSA. The adjustment increased payments that recipients receive by 8.7%, making the most recent cost-of-living adjustment the largest one the SSA has made since the adjustment of 11.2% made in 1981.

Every year, a total of 12 SSI payments are issued to recipients to ensure they get one payment every month. When the first day of a month occurs on a weekend or a holiday, as is the case in January, the payments are given on the last business day of the previous month.

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For 2023, the SSA will issue double payments to recipients in the months of March, June, September, and December due to the following months starting on either a weekend or a holiday, according to the SSA’s 2023 schedule.

© 2023 Washington Examiner

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