Supplemental Security Income beneficiaries are set to receive their next monthly payment worth $914 in a little over two weeks.
The payments will be sent out to eligible recipients on May 1, and different amounts will be distributed for individual filers, joint filers, and essential persons.
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The payments are delivered to beneficiaries on the first day of the month. When the first of a month falls on a weekend or a holiday, the Social Security Administration issues the monthly SSI checks on the last business day prior to that month, so recipients have the check by the first of the month, according to the agency.
Individual recipients will receive $914 on May 1, and eligible couples will receive $1,371. Essential persons, people who live with someone receiving SSI and provide them with necessary care, will get a monthly payment rate of $458.
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Recipients get two checks in the same calendar month multiple times a year. However, beneficiaries still receive a total of 12 checks per year. This year, there are four months in which two payments will be delivered: March, June, September, and December. This is because the first of the month falls on a weekend or is a holiday in April, July, and October. The first day of January is always a national 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.
