Social Security update: Second direct payment worth $914 of March’s double checks to arrive in four days
The second distribution of March’s double Supplemental Security Income payments, worth $914 for individual filers, will be released in four days, according to the Social Security Administration.
The final payment will be delivered on Friday and will take the place of April’s monthly payment since April 1 falls on a Saturday. The first disbursement, which constitutes March’s regular payment, was sent to all eligible recipients on March 1. With two disbursements in March, individual recipients should have a total of $1,828 this month.
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Other groups also qualify for the double payment, including eligible couples. Couples will receive two payments of $1,371 in March, and essential people who live with an SSI recipient and provide necessary care will get two checks for $458 each.
The SSA typically only issues one monthly SSI check, which is disbursed on the first day of the month. But when the first day of a month is a holiday or weekend, the administration releases the checks on the last business day of the previous month to ensure recipients have the check by the first, according to the agency.
There are three other months in which people will see two payments this year: June, September, and December. This is because the first of the month falls on a weekend in July and October. But December sees two checks every year because Jan. 1 is a national holiday. This means there will be no checks in January, July, and October.
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SSI payments were first issued by the Social Security Administration in 1974, but the amount that recipients get has increased for cost-of-living adjustments each year since 1975, the agency said.
The supplemental payments are separate from the retirement pay that retirees receive each month.