Supplemental Security Income (SSI) recipients will now receive two months worth of payments this March, because apparently April 1 of this year falls on a Saturday and is therefore considered a non-business day for making deposits as such. With the disabled, retirees and low-income individuals in the same arena, the Social Security Administration (SSA) has prepared a schedule of monthly payments for the year for those who receive benefits all in all.
As the Social Security website makes it evident, During most months of the year, Supplemental Security Income recipients receive their SSI payment on the very first day of the month. But when the first day of the month falls on a weekend or federal holiday, you get your SSI payment on the last business day before the first day of the month.
That means you can get two SSI payments in the same month, something that’s happening this March. Receiving a double payment in the same month does not mean a duplicate payment. To avoid putting your beneficiaries at a financial disadvantage so they don’t have to wait beyond the first day of the month to receive their payment, the Social Security organization takes the alternative of paying double which will in turn stabilise the finance.
Nobody needs to contact SSA in order to report it for it does not mean receiving a duplicate payment, but rather an advance payment. This March, beneficiaries will be paid on the first day, as they were being paid since a long time. The usual. According to the stipulations however, the first of April would be the day to receive the next payment, but this year the calendar marks Saturday, which is not a day on which to make a deposit, thus they will simultaneously be able to receive it on March 31. According to the calendar, SSI beneficiaries will receive their next payments on May 1, June 1, June 30, August 1, August 1, September 1, September 29, November 1 and December 1.
