Retirees in the United States can now find out if and when they will receive their next Social Security payment. Fortunately, the schedule for these types of benefits is very clear and retirees only need to meet certain requirements in order to know on which day of the month they will be paid.
Throughout each month, the Social Security Administration sends a total of 4 different checks to retirees. In addition to that, there is a separate check which is the Supplemental Security Income. Each beneficiary can get a maximum of one of the retirement checks and one of the Supplemental Security Income.
Even so, there are times when retirees can get two SSI payments a month, although those are very rare occasions. In short, the last of the payments was last October 11th and was for retirees born between the 1st and 10th of the month with a post-1997 benefit.
Now we already know what the payment date will be after this one, so just by checking our personal data we will be able to know if we are entitled to get this new payment in just a few days. Do you meet the requirements for the new Social Security?
SOCIAL SECURITY ELIGIBILITY AND PAYMENT DATE
The new Social Security has two main requirements. The first of these requirements is to have the benefit accepted after 1997. Similarly, there is a second requirement, which is none other than having the birthday between the 11th and 20th of the month.
If we meet these two requirements, we are in the third group of retirees, the one that receives the benefit on the third Wednesday of the month. This October, this group receives its payment on the 18th of the month. So now you know what the requirements are and the day on which you can get your benefit.
Also, remember to activate Direct Deposit in order to get the money as soon as possible. If you do not activate this method of payment, it may take up to three days for the money to appear, so the payment will be a little slower, but the money will still arrive.
WHEN DOES THE SUPPLEMENTAL SECURITY INCOME ARRIVE?
There is no Supplemental Security Income payment in October. The SSI payment for this month came early in September. The Social Security Administration mailed checks to recipients for this payment on September 29th.
Therefore, we have to wait until November to get this benefit. The next SSI payment will be on November 1st. As there are no irregularities in this schedule we will not have any surprises with the payments.
Likewise, retirees who get their check through Direct Deposit will get it on the same day, just as with Social Security payments.