The Social Security Administration (SSA) in the United States is responsible for making monthly payments to all its beneficiaries. These include retirees, low-income workers, and individuals with disabilities. With over 70 million registered beneficiaries,
it’s crucial that these payments are distributed accurately and on time. To ensure everyone knows when to expect their payments, the SSA publishes the payment schedule for the entire year in advance.
Special Payment in August 2024
This year, there’s an extra payment in August because September 1 falls on a Saturday. When a payment date falls on a weekend or a national holiday, the SSA processes the payment on the preceding business day to avoid delays. Therefore, the payment will be made on Friday, August 30, 2024.
What Benefits Are Paid on This Date?
On the first of every month, Supplemental Security Income (SSI) payments go out to all beneficiaries. In addition to SSI, retirement payments for Americans who live permanently abroad and those who started claiming benefits before May 1997 will also be distributed in advance.
Regular Payment Schedule for September 2024
The rest of the Social Security benefits will be distributed as usual throughout the month:
- September 3, 2024: Retirees who receive both Social Security retirement payments and SSI benefits on the first of every month will get their retirement payment.
- September 11, 2024: Payments for those born between the 1st and 10th of the month.
- September 18, 2024: Payments for those born between the 11th and 20th.
- September 25, 2024: Payments for those born between the 21st and 31st.
Changes for the Rest of the Year
While payments generally follow the dates mentioned above, some adjustments are made for weekends and holidays. Here are some notable changes:
November 2024
- November 1, 2024: Both Social Security and SSI payments will be made since the 3rd falls on a Sunday. Retirees should be aware of this change.
- November 29, 2024: The first payment for December will be made. This includes SSI payments, retirement payments for Americans who live permanently abroad, and those who started claiming benefits before May 1997.
December 2024
- December 24, 2024: The third retirement payment will be advanced to Christmas Eve since Christmas Day is a national holiday.
- December 31, 2024: Payments for those who receive benefits on the first of every month will get their January payments to end the year on a positive note.
The SSA ensures that all beneficiaries receive their payments on time, even when adjustments are needed for weekends and holidays. By publishing the payment schedule in advance, the SSA helps beneficiaries plan their finances better.
Understanding these changes is crucial for retirees, low-income workers, and individuals with disabilities who depend on these benefits for their economic well-being.
1. Why is there an extra payment in August 2024?
There is an extra payment in August because September 1, 2024, falls on a Saturday. To avoid delays, the payment is processed on the preceding business day, which is August 30.
2. What is Supplemental Security Income (SSI)?
SSI is a federal program that provides financial assistance to individuals who are elderly, blind, or disabled and have little to no income. It helps them meet basic needs for food, clothing, and shelter.
3. Who receives payments on September 3, 2024?
Retirees who receive both Social Security retirement payments and SSI benefits on the first of every month will get their retirement payment on September 3, 2024.
4. Are there any changes in the payment schedule for November 2024?
Yes, in November 2024, both Social Security and SSI payments will be made on November 1 since the 3rd falls on a Sunday. Additionally, the first payment for December will be made on November 29.
5. How are payments adjusted for holidays in December 2024?
The third retirement payment in December 2024 will be advanced to December 24, Christmas Eve, and January payments for those who receive benefits on the first of every month will be made on December 31.