In a surprising twist for many, the U.S. Social Security payment schedule, which is typically consistent, has revealed an irregularity for the upcoming month of October. This deviation will result in some beneficiaries not receiving one of their usual monthly checks.
October presents a unique situation where certain beneficiaries, specifically those on Supplemental Security Income (SSI) and Social Security, won’t be cashing both their checks within the month. However, it’s crucial to note that some retirees will still receive their checks as per the norm.
The determining factor here is the chosen method of collection. Beneficiaries who opt for a specific collection method might receive their regular checks in September instead of October. But this isn’t necessarily a cause for concern.
Who Will See a Reduced SSI Payment in October?
The answer lies in two main elements: the type of checks beneficiaries cash each month and the collection method they’ve chosen.
- Type of Check: Beneficiaries must have an activated Supplemental Security Income check to receive two payments from Social Security each month. This activation will dictate if they will receive both checks in October.
- Collection Method: October’s calendar has an irregularity due to the 1st of the month falling on a weekend. As SSI payments are typically scheduled for the 1st of the month (excluding holidays or weekends), the Social Security Administration (SSA) will dispatch it a bit earlier. Specifically, the October SSI check will be sent out on September 29th. Those with Direct Deposit activated will receive their SSI in September, not October. However, beneficiaries without Direct Deposit can expect their payment in October, albeit a tad later, possibly around the 4th or 5th, depending on their bank.
In conclusion, beneficiaries should review their collection methods and check types to determine if they fall into the group that will receive the October SSI benefit either early or a few days into the month.