Social Security retirement beneficiaries will receive two payments in March, despite the fact that they generally receive just one payment per month.
Due to the fact that the following month, April, begins on a Saturday, recipients are receiving double payments in March.
Social Security Payments
When the first day of the month falls on a weekend or a holiday, the Social Security Administration (SSA) grants recipients a second payment in the preceding month that will be paid on the month’s last business day.
To ensure that payments do not come late, recipients will get two installments every month. When recipients get two payments in a month, they will not be paid the next month because the second payment serves as the payment for that month.
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When Will The Payment Be Made?
The two installments will be distributed on March 1 and March 31. In a single year, participants receive 12 SSA retirement payments.
The two payments that recipients will get next month will be valued $914 each, for a total of $1,828 for the month of March. On the pay dates, eligible couples will get $1,371. At the same time, according to the Social Security Administration’s timetable, important persons who live with someone receiving SSI and provide necessary care for them will receive $458 in payments.
In 2023, recipients will also get double payments in June, September, and December. The double payments are made since July and October begin on weekends, while January 2024 begins on a holiday, New Year’s Day.
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