Recipients of Supplemental Security Income will receive the final half of their September payments in six days, marking the second payment of the month due to a scheduling quirk in the agency’s program.
Eligible recipients can expect to receive the second payment of $841 on Sept. 30 after receiving the first payment at the beginning of the month, for a total of $1,682, according to the Social Security Administration. Essential persons, meaning people who live with a person receiving SSI and provide necessary care, will also receive their second payment of $421 on Sept. 30.
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September is one of three months in which there are two SSI payments, with the other two being April and December.
The double payments offset the months in which no payments are sent out to ensure eligible people receive 12 payments a year, according to the SSA schedule. For 2022, payments are not made in January, May, or October because the first days of those months are on a holiday or a weekend.
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Since 1974, the SSI program has provided money to those who qualify in order to give financial relief to those with limited incomes and resources. Based on the current rate, Social Security will be unable to pay out in full by 2035, according to Nexstar Media Wire.
Next year, Social Security payments will likely rise due to growing inflation rates, according to analysts. But some people may end up earning less than what they receive now because the increase in payments could place them in higher tax brackets.
