Social Security update: Direct payment worth $914 arrives in 10 days
by Misty Severi, Breaking News Reporter
June 20, 2023 06:30 AM
There are just 10 more days until recipients of the Social Security Administration’s Supplemental Security Income program will receive their second June payment, worth up to $914 for individual filers, because of a scheduling quirk in the SSA’s calendar.
The payment will go out on June 30 and will be the second of two checks for the month of June. The initial payment was sent on June 1.
There is some variation in the amount of money that each beneficiary receives, depending on whether they file individually, jointly, or as an essential person. Recipients who file individually receive a maximum of $914 every month, eligible couples receive up to $1,371, and essential persons, or those who live with people receiving SSI payments and provide them with necessary care, get a monthly payment of $458, according to the SSA.
Recipients generally receive one payment each month, but June’s rare double payment is due to a twist in the Social Security Administration’s schedule that gives recipients two checks in months where the first of the following month falls on a weekend. The second payment for June is taking the place of July’s payment because July 1 is on a Saturday this year.
The adjusted schedule ensures that beneficiaries receive 12 checks per year, even though they receive two checks in some months and receive none in others. There are four months in which two payments will be delivered in the same month this year: March, June, September, and December. This occurs as the month starts on a weekend in April, July, and October this year, while Jan. 1 is always a holiday.
SSI payments are given in addition to regular Social Security benefits that go out to retirees. The program gives monthly payments to adults and children with limited incomes who also have blindness or another disability.
Advertisement
______________________________________________________
To qualify for SSI, a person has to be over 65, be at least partially blind, or have a “physical or mental condition(s) that very seriously limits their daily activities for a period of 12 months or more or may be expected to result in d---h.”
SSI 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.
Source: Washington Examiner
______________________________________________________
If you wish to contact the author of a post, you can send us an email at voyagesoflight@gmail.com and we’ll forward your request to the author (if available). If you have any questions about a post or the website, you may also forward your questions and concerns to the same email address.
______________________________________________________
All articles, videos, and images posted on Dinar Chronicles were submitted by readers and/or handpicked by the site itself for informational and/or entertainment purposes.
Dinar Chronicles is not a registered investment adviser, broker dealer, banker or currency dealer and as such, no information on the website should be construed as investment advice. We do not support, represent or guarantee the completeness, truthfulness, accuracy, or reliability of any content or communications posted on this site. Information posted on this site may or may not be fictitious. We do not intend to and are not providing financial, legal, tax, political or any other advice to readers of this website.
Copyright © Dinar Chronicles
