In the festive spirit of December, These recipients will receive their first SSI check on Friday, December 1, with the second installment following four weeks later on Friday, December 29.
The Social Security Administration (SSA) is set to spread some financial cheer by issuing two checks this month to Supplement Security Income (SSI) beneficiaries
This bi-monthly payout rhythm is a result of a payment schedule quirk, where SSI beneficiaries receive two payments in March, June, September, and December, and one check in the remaining months. The additional December payment can be viewed as an advance for the next month. It’s important for recipients to note that if the payment is not received on the anticipated date, the Social Security Administration (SSA) recommends allowing three extra mailing days before contacting the agency. Direct deposit recipients, while likely to receive their payment on the scheduled date, should be mindful of potential variations in fund availability based on their banking institution.
SSI benefits, aimed at low-income individuals with limited resources who are blind, aged 65 or older, or experiencing a qualifying disability, are set to increase in 2024
The federal maximum SSI benefit rate will rise to $943 for an individual and $1,415 for a couple. In addition to SSI, the Social Security Administration (SSA) provides a payment schedule for retirement benefits in December. Recipients can expect payments on the second, third, and fourth Wednesdays of the month based on their date of birth. This December marks the conclusion of the 2023 cost-of-living adjustment of 8.7%, the highest in over four decades, with checks reflecting a 3.2% increase from January 2024 onwards, contributing an average boost of approximately $57 to retirement checks each month.
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