:quality(75)/cloudfront-us-east-1.images.arcpublishing.com/elcomercio/EGQY6SXCLJFIHEBSLNNLA7DNVE.jpg "Social Security: changes in the May SSI payment | MIX")
The Social Security Administration (SSA) has announced a slight modification to the Supplemental Security Income (SSI) payment schedule for the month of May, which could benefit millions of beneficiaries. The usual payment date for SSI is the first day of each month, but due to June 1 falling on a Saturday, the SSA will make the June payment on May 31, resulting in a double payment in the same month.
This change is in accordance with SSA regulations, which state that SSI payments are made on the first business day of the month. If the 1st falls on a holiday or weekend, the payment is brought forward. This adjustment will provide beneficiaries with their June SSI payment a day earlier than usual.
For retirees receiving Social Security benefits, there will be no modifications to their payment schedule. Payments are typically made every Tuesday of the month, based on the beneficiary’s birthday. Retirees who began receiving benefits before May 1997 can expect their payment on Friday, May 3.
The SSA is responsible for administering social insurance programs in the United States, ensuring that individuals receive the benefits they deserve. Despite efforts to close loopholes in the system, some individuals who have never worked or contributed to Social Security may still receive benefits.
Overall, the modification to the SSI payment schedule for May will provide beneficiaries with increased financial assistance, offering a double payment in the same month. Beneficiaries are encouraged to stay informed about their payment schedules and any changes that may occur in the future.