Social Security update: Second direct payment worth $914 of March’s double checks to arrive in nine days

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Social Security update: Second direct payment worth $914 of March’s double checks to arrive in nine days

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The second of March’s two Supplemental Security Income payments, worth up to $914 each for individual filers, will be sent to beneficiaries in nine days, according to the Social Security Administration’s schedule.

The payment will be delivered on Friday, March 31. It will take the place of April’s monthly payment because April 1 will be on a Saturday this year. The first disbursement, which accounted for March’s regular payment, was sent to eligible recipients on March 1.

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Because there are two disbursements in March, individual recipients should receive a total of $1,828 in the month.

The Social Security Administration typically issues one monthly SSI check, and it is disbursed 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 by the first, according to the agency.

Recipients receive two checks in the same calendar month multiple times a year, but they still receive a total of 12 payments per year.

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 falls on a weekend in July and October. December sees two checks every year because Jan. 1 is a national holiday.

Other groups who qualify for the double payment include eligible couples. They 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 of $458 each.

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SSI payments were first issued by the Social Security Administration in January of 1974, and payment rates have 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.

© 2023 Washington Examiner

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