Social Security update: Direct payment worth $914 arriving in 29 days
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Social Security update: Direct payment worth $914 arriving in 29 days
Asher Notheis April 02, 05:26 AM April 02, 05:26 AMSupplemental Security Income recipients are set to receive their next payment in a little more than four weeks, according to the Social Security Administration.
This payment, scheduled for May 1, is one of 12 payments that SSI recipients receive in a year. These SSI payments are sent out to recipients on the first business day of the month. For months where the first takes place on a weekend or holiday, the checks are sent on the last business day of the previous month, according to the SSA.
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Other groups also qualify for the May 1 payment, including certain eligible couples. Eligible couples will receive a payment of $1,371, and essential people, who live with a person receiving SSI and provide them with necessary care, will get a check worth $458.
SSI recipients are receiving no payment in the month of April because they got two payments in March, one on March 1 and another on March 31. The latter payment served as April's payment because April 1 falls on a Saturday this year.
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SSI payments were first issued by the Social Security Administration in January 1974, and the amount recipients have received has increased for cost-of-living adjustments each year since 1975, the agency said.
The supplemental payments are separate from the retirement pay that retirees receive each month.
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