In 25 days, Social Security recipients of Supplemental Security Income will get the second of their two March payouts.
The second payment, which will replace the April 1 payment, will be delivered on March 31 to the same recipients who received the first payment on March 1. Individuals will receive $914 for every installment, or $1,828 in total, for the month of March.
Who Qualifies For March 25 Payments?
Couples who qualify receive payments of $1,371, while important individuals who live with SSI recipients and take care of them receive payments at a rate of $458. In March, both of those will increase by two.
On the first of every month, the Social Security Administration normally distributes SSI checks. The administration releases the checks on the final business day of the preceding month in months where the first falls on a holiday or weekend to ensure recipients receive the check by the first of the month, according to the agency.
According to the SSA, the average retiree payment will rise by around $1,827 in 2023 as a result of the COLA increase.
The typical payment for SSI users is about $656. These monthly sums are simply estimates, though. Instead of using the current benefit, the SSA calculates benefits on an individual basis each year using the Primary Insurance Amount (PIA).
SSI recipients receive their funds on either the first or last day of every month; if the first day falls on a weekend, payments are made on the last day of the month.
Read more: Social Security Benefits: Are you eligible for your parent’s benefits when your 18 or older?
Social Security Payment Schedule
Additionally, benefits are paid out on the third of every month to those who started receiving Social Security payments before May 1997. Disbursement for all other Social Security benefits is determined by the recipient’s date of birth.
- Retirees with a birth date between the first and tenth Wednesday of each month
- Third Wednesday: Those who were born between November 11 and November 20
- Fourth Wednesday: retirees who were 21 to 31 years old
The dates for the March payments that have already been sent are as follows:
- March 1: SSI recipients
- March 3: Payees who started getting payments prior to May 1997
The due dates for the remaining installments for March are listed below.:
- March 8: beneficiaries with birthdates between one and ten
- March 15: Recipients whose ages range from 11 to 20
- March 22: Recipients whose ages range from 21 to 31
- March 31: SSI Recipients
Read more: Social Security 2023: Here are some major points about the changes that you should be aware of
