The day has come for Supplemental Security Income recipients to receive their payment of $914. It will be the second payment they have received from the Social Security Administration this month.
SSI recipients are receiving double payments this month because the first day of January 2023 falls on a national holiday — New Year's Day. The two payments will add up to a total of $1,755 for the month of December, according to the SSA.
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Eligible couples for SSI and essential persons, meaning someone who lives with a person receiving SSI and provides necessary care, will also get a second December payment on Dec. 30. Couples will receive $1,371, and essential persons will get $458, according to the administration.
Friday's payment is slightly higher than the payment that SSI recipients received earlier this month due to a cost-of-living adjustment made by the SSA. The adjustment will increase the payments that recipients receive next year by 8.7% compared to 2022, making the latest cost-of-living adjustment the largest one since the SSA made an 11.2% adjustment in 1981.
The biggest adjustment made by the SSA came in 1980 at 14.3%. The only years when no adjustments were made were 2010, 2011, and 2016, according to the SSA.
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Every year, a total of 12 SSI payments are issued by the SSA to recipients to ensure they get one payment every month. When the first day of a month occurs on a weekend or a holiday, as is the case in January, the payments are given on the last business day of the previous month.
Next year, the SSA will issue double payments to recipients in the months of March, June, September, and December due to the following months starting on either a weekend or a holiday, according to the SSA's 2023 schedule.
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December 30, 2022 at 06:30PM
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Social Security update: Direct increased SSI payment worth $914 arriving today - Washington Examiner
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