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Some Social Safety recipients getting further cost in August: Right here’s why

Some Social Safety recipients getting further cost in August: Right here’s why
August 4, 2024


For a 2nd time this 12 months, some Social Safety recipients are not off course to obtain two bills in the similar month.

Those that obtain Supplemental Safety Source of revenue normally get one cost a month. In step with the Social Safety Management, this comes at the first day of the month — for August, that used to be Thursday.

The exception — which is contributing to the double cost in August — is when the primary day of the month lands on a weekend or vacation. When this occurs, bills are despatched out at the earlier weekday.

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SSI recipients noticed this simply a few months in the past when June 1 fell on a Saturday. They won two bills in Would possibly and no cost in June.

With September 1 touchdown on a Sunday this 12 months, SSI recipients gets that month’s cost two days previous on Friday, August 30.

Technically, whilst there’s a 2nd SSI cost in August, recipients aren’t if truth be told getting any further finances. In addition they aren’t lacking out on finances by way of no longer receiving a cost in September. Identical to the ones not off course for a three-payday August, SSI gets the entire source of revenue they’re anticipated to by way of the top of the 12 months, it’s just a bit out of order in August and September.

SSI recipients will see any other wonky month in November once they obtain that month’s cost and December’s cost in the similar 30-day span.

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SSI bills can be much more out of order in 2025. The primary day of January, February, and March all fall on vacations or the weekend. In step with the company’s cost calendar, January’s advantages can be dispersed on December 31, February’s will come a month later, and March’s will come on February 28. There can be no bills in March.

In the event you obtain common Social Safety advantages, no longer SSI, you’ll in large part be unaffected in August and September. Alternatively, those that normally obtain their Social Safety cost at the third day of the month must have won it on Friday, August 2, since August 3 landed on a Saturday.

The ones bills can be despatched previous in November as neatly, approaching Friday, November 1 as an alternative of Sunday, November 3.

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