Supplemental Security Income beneficiaries will receive the second of two payments arriving in March in 23 days.
The first payment was sent out to eligible recipients on March 1, and the next payment will be delivered on March 31. The second disbursement will take the place of the April 1 payment because April 1 will be on a Saturday this year. Each payment is worth $914, meaning beneficiaries will receive $1,828 for March.Eligible couples will receive two payments of $1,371 in March.
The Social Security Administration typically issues a monthly SSI check on the first day of every month. In months when the 1st is on a holiday or weekend, however, the administration releases the checks on the last business day of the previous month to ensure recipients have the check by the 1st of the month, according to the agency.
This results in recipients receiving two checks in the same calendar month multiple times a year while still receiving a total of 12 checks per year.Three other months will also see two payments in the same month this year: June, September, and December. This is because the 1st of the month falls on a weekend in July and October. December always sees two checks in the month because Jan. 1 is a national holiday.
SSI 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.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Social Security update: Second of March's double direct payments worth $914 arrives in 24 daysThere are 24 more days until Supplemental Security Income beneficiaries will receive the second of two payments for the month of March. The first payment was sent out to eligible recipients on March 1, and the next payment will be delivered on March 31.
Leer más »
Yuga Labs' Otherside Metaverse to Launch Second Trip on March 25The Bored Ape parent company will allow up to 10,000 holders of its Otherdeed NFTs to participate in the second gamified test of its Otherside metaverse platform.
Leer más »
Social Security on a path to major benefit cuts unless Congress acts, CBO director saysCBO Director Phillip Swagel said that once Social Security's trust fund becomes exhausted in 2032, benefits would automatically be cut by 25% unless Congress acts.
Leer más »
How your ex could boost your Social Security benefitsDivorced people can often collect benefits under the federal retirement program based on their ex-spouse's work history.
Leer más »
Balancing federal budget, eliminating deficit without cutting defense, Social Security, MedicareIf you want to balance the budget without raising taxes or cutting defense, Social Security, and Medicare, you'd probably have to fire nearly every park ranger and cut 70% of anti-poverty spending
Leer más »