In September 2023 Soon Social Security Paid Thousands of Dollars.September brings an unexpected boon for those on Social Security: two benefits payments. This isn’t a mistake but a result of a unique shift in the payment schedule, an event that has already occurred twice this year.
In September 2023 Soon Social Security Paid Thousands of Dollars
The Social Security Administration plans to disburse two Supplemental Security Income (SSI) payments in September. These payments target seniors over 65 who meet the criteria, as well as specific adults and children with defined disabilities or vision impairments. Beneficiaries can expect payments both at the beginning and end of September.
Understanding Your Social Security Distribution
SSI beneficiaries will receive their regular benefits in an unconventional way: two distinct payments in September and none in October. Typically, based on birth dates, Social Security payments for retirement, disability, or survivors are issued on the second, third, or fourth Wednesdays of each month. In contrast, SSI recipients usually get their payments at the month’s start, unless it aligns with a federal holiday or weekend.
The Rationale Behind the Double Payment
When the start of the month falls on a holiday or weekend, the SSI payment is moved to the preceding workday and resumes its usual schedule the next month. Since October 1st falls on a Sunday this year, the October payment will be made on September 29th, in addition to the regular September deposit.
Beneficiaries can then expect the subsequent SSI payment on November 1, in line with the 2023 calendar.This double payment isn’t unique to September. March and June also witnessed two SSI payments, and this pattern is set to repeat in December, leading to a break in payments in January 2024.
Special Note for Specific Beneficiaries
For those who receive both Social Security and SSI or initiated their claims before May 1997, they typically receive their standard payment on the third day of the month, with the SSI payment on the first.
Hence, in October, these individuals should prepare for their funds on October 3. It’s crucial to note that beneficiaries linked to another’s account, like spouses and children, will share the same payment date as the primary account holder.