Recipients of Supplemental Security Income will receive the final half of their September payments in just two days, marking the second payment of the month thanks to a scheduling quirk in the agency’s program.
Eligible recipients 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, according to the Social Security Administration. September is one of three months in 2022 that experienced two SSI payments, with the other two being April and December.
Eligible couples will have two payments of $1,261 during September. 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.
The double checks are not extra payments. Instead, they offset the months in which no payments are sent out to ensure eligible people receive 12 payments a year, according to the SSA schedule. Payments are not made in January, May, or October this year because the first days of those months are on a holiday or a weekend.
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 because the increase in payments could place them in higher tax brackets.