:quality(75)/cloudfront-us-east-1.images.arcpublishing.com/elcomercio/EGQY6SXCLJFIHEBSLNNLA7DNVE.jpg "Social Security: changes in the May SSI payment | MIX")
SSI Beneficiaries to Receive Double Payment in May Due to Calendar Change
Supplemental Security Income (SSI) beneficiaries in the United States have something to look forward to in May, as they will be receiving a double payment this month. The Social Security Administration (SSA) has made a slight modification to the payment schedule for the month of June, which will result in beneficiaries receiving their next payment on May 31.
Typically, SSI payments are made on the first day of each month. However, if the first falls on a weekend or holiday, the payment is brought forward. In this case, June 1 falls on a Saturday, so the SSA will be disbursing payments on May 31.
This change will provide some relief to the more than 7 million SSI beneficiaries who rely on this monthly financial assistance. The double payment in May will allow them to have access to their funds a day earlier than usual.
For retirees receiving payments from the SSA, there will be no changes to the payment schedule. Retirees usually receive their payments on Tuesdays, depending on their birthday. Those who retired before May 1997 can expect their payment on Friday, May 3.
Overall, this calendar change by the SSA will provide some financial relief to SSI beneficiaries and retirees alike. It is important for all beneficiaries to stay informed about any changes to the payment schedule to ensure they have access to their funds in a timely manner.