In less than a week, Supplemental Security Income beneficiaries will receive their monthly payments worth $914.
The money from this SSI payment, which will be sent to recipients in five days, will allow people to afford basic everyday items and goods such as food and shelter. These payments from the Social Security Administration are intended to help elderly, blind, and disabled people who have little or no income of their own, according to the SSA.Couples who are eligible for SSI will receive their regular payments of $1,371 on Feb. 1, while individuals will receive their regular $914 check.
The SSA will usually give its SSI payment to recipients on the first of the month, with a total of 12 payments being issued by the administration every year. However, when the first day of a month occurs on a weekend or holiday, the payments for that day are given on the last business day of the previous month.
The month of January was one of the months when recipients did not receive any payments due to receiving two payments the previous month, one on Dec. 1 and the second on Dec. 30, with the latter payment serving as this month's SSI payment.This year, the SSA will issue double payments to recipients in March, June, September, and December because the first day of the following month will either be on a weekend or holiday, according to the SSA's 2023 schedule.
Payments to SSI recipients this year will be slightly higher than the payments issued in 2022 due to a cost-of-living adjustment made by the SSA. The payment amount issued to recipients in 2022 was $841. This year's payment is 8.7% higher to reflect the adjustment.
Ireland Latest News, Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Social Security update: Direct SSI payment worth $914 to arrive in seven daysRecipients of Supplemental Security Income will receive their next monthly payment of $914 at the beginning of February.
Read more »
Social Security update: Direct SSI payment worth $914 arriving in six daysSupplemental Security Income beneficiaries are set to receive their $914 monthly payments in just six days.
Read more »
Social Security update: Third round of January payments worth up to $4,194 arriving WednesdayThe third and final round of Social Security retirement payments slated to be distributed in January is set to go out to recipients Wednesday.
Read more »
House GOP eyes Social Security, Medicare amid spending battleRepublicans have pledged to cut spending and balance the budget, triggering a delicate conversation on the future of Americans’ benefits.
Read more »
Critics Rip 'MAGA Extremists' Over Plan to Hike Social Security Retirement Age to 70'Medicare and Social Security are non-negotiable,' responded Democratic Rep. Mark Pocan. 'Risking default or robbing seniors of hard-earned benefits are not options.'
Read more »
McCarthy agrees not to cut Medicare, Social Security in debt ceiling talks: reportKevin McCarthy reportedly agrees to leave cuts to Social Security and Medicare off the table in debt ceiling negotiations
Read more »