A rare second payment, worth up to $914 for individual filers, for September will go out to Supplemental Security Income recipients in just over three weeks.
The second payment will go out on Friday, Sept. 29, and it will replace October's payment. It falls nearly a month after the first payment, which went out on Sept. 1. The double payment is because of a scheduling quirk in the Social Security Administration's calendar that gives recipients two payments in one month if the first day of the following month falls on a weekend.
DEMOCRAT LAUNCHES CAMPAIGN IN VIRGINIA FOR VULNERABLE REPUBLICAN'S HOUSE SEAT
Recipients usually receive one check each month, but there are four months in which beneficiaries will get two checks this year: March, June, September, and December. This is because the first of the month is on a weekend in April, July, and October, and Jan. 1 is always a holiday.
In the rare instances when there are two payments in a month, the second is normally on the last day of the month. But in the case of October, the 1st is on a Sunday, placing the month's payment on Sept. 29 instead of Sept. 30 because Sept. 30 is a Saturday.
The payment amount for beneficiaries varies depending on how they file for the benefits. For those who filed as individuals, the rate for payments is up to $914 per month. The rate for eligible couples is up to $1,371 per month. Essential persons, who live with someone receiving SSI and provide them with necessary care, get a monthly payment of $458.
To qualify for the SSI program, a person needs to be 65 or over and meet specific financial requirements. People under 65 could also qualify if they are at least partially blind or have a physical or mental condition that limits their daily activities for at least one year or is expected to result in death.
CLICK HERE TO READ MORE FROM THE WASHINGTON EXAMINER
Children can also qualify for SSI payments if they are at least partially blind or have a physical or mental condition that limits their daily activities for at least a year and their parents or legal guardians have limited income or savings.
The payments were first issued by the SSA in January 1974, and payment rates have increased for cost-of-living adjustments since 1975, according to the agency.
"payment" - Google News
September 07, 2023 at 05:00PM
https://ift.tt/jvVJlLd
Social Security update: Direct payment worth $914 arrives in 22 days - Washington Examiner
"payment" - Google News
https://ift.tt/xiusYBW
https://ift.tt/vSrxe3Z
Bagikan Berita Ini
0 Response to "Social Security update: Direct payment worth $914 arrives in 22 days - Washington Examiner"
Post a Comment