Social Security recipients only need to wait a couple of weeks before they receive their monthly payments worth up to $1,657.
October’s round of Social Security payments will begin on Oct. 12, beginning with people who have their birthdays between the first and 10th of a month. Payments to Social Security recipients are given depending on their birth dates, according to a calendar from the Social Security Administration.
Recipients with other birthdays will need to wait at least another week before they receive their payments. For people born between the 11th and 20th of a month, they will receive their payment on Oct. 19, while people born between the 21st and 31st of a month will get paid on Oct. 26.
These Social Security payments stand out from Supplemental Security Income payments because the Social Security benefit programs are “entitlement” programs paid for with Social Security taxes that are put into special trust funds. People can qualify to receive Social Security payments based on their work history or the history of their spouse or parents, according to the SSA.
SSI is described as a needs-based program that is intended for people with limited income and resources and does not require work credits to be eligible for it.
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A person can receive both Social Security and SSI, but anyone who receives SSI must report changes in his or her living arrangements and income to the SSA. Additionally, people who receive both forms of payment will receive SSI on the first of a month and Social Security on the third, unless the third falls on a weekend, in which they will receive their payment on the Friday before the third.
Eligible recipients of SSI can expect to receive their payments of $841 on Friday after receiving another payment at the beginning of the month, for a total of $1,682. Meanwhile, eligible couples will receive $1,261, while essential persons, meaning people who live with a person receiving SSI and provide necessary care, will be given $421, according to the SSA.
