Social Security update: Second of rare direct double monthly checks worth $1,755 to arrive in 13 days

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Social Security update: Second of rare direct double monthly checks worth $1,755 to arrive in 13 days

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In less than two weeks, Supplemental Security Income recipients are scheduled to receive the second of two payments this month, giving them $1,755 in total SSI benefits in a single month.

Eligible recipients will receive a payment of $914 on Dec. 30 after already receiving $841 on Dec. 1. This upcoming payment will mark the start of the Social Security Administration’s 2023 payment schedule so that recipients are able to receive their Jan. 1 payment on time, according to the SSA.

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Essential persons, meaning someone who lives with a person receiving SSI and provides necessary care, will also get a second payment this month on Dec. 30, this one being $458 after receiving a payment of $421 on Dec. 1. Eligible couples will also receive a second payment of $1,261 on the same day as the other recipients.

Dec. 30’s payments will be slightly higher due to a cost of living adjustment made by the SSA to keep up with inflation. The adjustment for 2023 will be 8.7%, making it the highest adjustment in the SSA’s history since 1981, when the COLA was 11.2%.

The double payments that the SSA occasionally gives offset the months in which it sends no payment, ensuring that recipients receive 12 payments a year, according to the schedule. The months in which recipients received no payments this year aside from December include January, May, and October because the first of these months occurred on a weekend.

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The reason behind these double payments is that the SSA sends payments to recipients on the first business day of the month. On months when the first day takes place on the weekend or a holiday, recipients receive their payment on the last business day of the month, which for this month is Dec. 30.

In 2023, recipients can expect to receive double payments in March, June, September, and December because April, July, and October will occur over the weekend, and Jan. 1 is a holiday, according to the SSA’s schedule.

© 2022 Washington Examiner

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