Two Direct Payments Arriving Soon: SSI and Social Security Recipients Who Qualify
According to Vibes.okdiario, Occasionally, the Social Security Administration (SSA) schedules two monthly payments on the same day. This typically occurs when the regular payday coincides with a weekend or federal holiday.
Adjusted Payment Schedule for November
Since November 3 falls on a Sunday, it cannot serve as a payday for retirees. Instead, the direct payment will be issued on November 1, aligning with the regular payment date for Supplemental Security Income (SSI) recipients.
Who Benefits from the November 1 Payment?
Three groups of recipients will benefit from the November 1 payment:
- All eligible SSI program recipients
- SSDI or retirement recipients who are also receiving SSI
- Retirees or SSDI recipients who started collecting payments before May 1997
If you do not qualify for the November 1 payment, there are three additional paydays in November. For example, if you began receiving direct deposits or checks after April 30, 1997, and your birthday falls between the 1st and 10th, your payment will be sent on November 13. If your birthday is from the 11th to the 20th, your payment will arrive on November 20, and for those born from the 21st to the 31st, payments will be issued on November 27.
Payment Amounts for SSI and Social Security Recipients
It is unlikely that SSI and Social Security recipients will receive the same payment amounts. SSI is designed as a supplement for low-income individuals. As of now, the average SSI payment is approximately $698 for all recipients.
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In contrast, retirees receive an average payment of around $1,920 as of August 2024. SSDI recipients can expect an average payment of about $1,539. Consequently, retirees will receive the largest payments on November 1, 2024.
Age and Payment Amounts
Payment amounts can vary based on age. SSI recipients aged 65 or older typically receive around $575 on average. Those between 18 and 64 can expect an average payment of approximately $744.
Interestingly, the highest average Supplemental Security Income is for the under-18 group, who can receive about $820 on average. However, the largest payment overall is for those who filed for retirement at age 70, with a potential direct payment of up to $4,873.
