Each month, the Administration of the Social Security The SSA sends out different benefits. Monthly payments are sent to retired and surviving workers. Also, send disability benefits. These include the Supplemental Security Income (SSI) program and Social Security Disability Insurance (SSDI).
The SSA has already started sending out payments for this month. Known what benefits have already been sent and who will receive their payments on August 3rd.
Direct payments of $1,800 from Social Security on August 3: who will receive it?
SSA has established a schedule for sending payments. Generally, Supplemental Security Income (SSI) benefits are mailed on the first day of each month. However, if the first day of the month falls on a Saturday or Sunday, the payment is advanced to the last Friday of the previous month.
On the other hand, On the 3rd of every month, SSA sends the money to beneficiaries who began receiving their payments before May 1997. If the third day of the month falls on a Saturday or Sunday, the payment is also advanced.
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The rest of the checks are sent the days Wednesday, according to the date of birth of the beneficiaries:
- Second Wednesday of the month: retirees with a date of birth between the 1st and 10th
- Third Wednesday: beneficiaries born between the 11th and 20th
- Fourth Wednesday: retirees born between the 21st and the 31st
Payments are sent by direct deposit to those who have provided a bank account to SSA or via postal mail, which may take more days to arrive.
Social Security checks: exact payment dates in August 2023
Taking into account the previous schedule, on August 1, the SSA sent the benefits of the Supplemental Security Income (SSI). The rest of the payments are sent as follows.
- August 3: Payees who began receiving their payments before May 1997
- August 9: Beneficiaries with a date of birth between 1 and 10
- August 16: Beneficiaries with a date of birth between 11 and 20
- August 23: Beneficiaries with a date of birth between 21 and 31
Social Security: How much money is sent each month?
it’s 2023, median retiree payments increased to $1,827, revealed the SSA in January. The maximum benefit for those who retire at 62 years is $2,572 per monthof $3,627 for workers retiring at full retirement age (67 years old) and $4,555 for those who retire at age 70 or later.
On the other hand, average payments from the Supplemental Security Income (SSI) program are around $550 per month. The maximum monthly SSI benefit is up to $914 for one person and $1,371 for a married couple in which both spouses are eligible for the program.
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2023-08-02 04:50:16
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