November 5, 2024
Supplemental Security Income beneficiaries received their monthly payment, worth $914 for individual filers, on Monday.

Supplemental Security Income beneficiaries received their monthly payment, worth $914 for individual filers, on Monday.

The monthly payment was disbursed on the first of the month, with different amounts going to individual filers, joint filers, and essential persons. Individual filers receive $914, and eligible couples receive $1,371 each month. Essential persons, meaning those who live with someone receiving SSI payments and provide them with necessary care, get a monthly payment of $458, according to the Social Security Administration.

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Money
A Pakistani money trader shows U.S. 100 dollar notes at a currency exchange office, in Lahore, Pakistan, Thursday, Jan. 28, 2023. Cash-strapped Pakistan’s currency plunged Thursday against the dollar after the government indicated it was ready to comply with tough conditions set by the International Monetary Fund for the next tranche of its bailout package. (AP Photo/K.M. Chaudary)
K.M. Chaudary/AP

The monthly payments are often delivered on the first day of each month, except for when the first day of the month falls on a weekend or a holiday. When that is the case, the SSA issues its monthly SSI checks on the last business day before the month begins.

The adjusted schedule means beneficiaries continue to receive 12 checks per year, even though some months receive two checks and some receive none.

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There are multiple months in which two payments are delivered in the same month this year: March, June, September, and December. This is because the first of the month falls on a weekend in April, July, and October, and the first of January is always a holiday.

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.

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