Recipients of the Social Security Administration's Supplemental Security Income program will receive their first payment for September, worth up to $914 for individual filers, in just over four weeks, according to the administration's calendar.
The payment will be sent out in 29 days, on Sept. 1, and is the first of two payments for the month because of a scheduling quirk in the administration's schedule. Recipients will receive the second payment, which takes the place of October's payment, on Friday, Sept. 29, because Sept. 30 and Oct. 1 are on a weekend.Recipients normally get one payment each month, but there are four months this year when the beneficiaries get two checks: March, June, September, and December.
The amount of money beneficiaries receive each month depends on what category they file under. Eligible couples can receive up to $1,371 each month. Those who file independently can see as much as $914 every month, and essential people who live with and care for people receiving SSI payments get a monthly payment of up to $458, according to the SSA. But not every recipient receives the maximum payout.
SSI payments were first issued by the administration in January 1974, and payment rates have increased for cost-of-living adjustments since 1975, according to the agency. The COLA for 2024 is projected to be an approximately 3% increase based on June's numbers. July's numbers have not been released yet.
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