Millions of Supplemental Security Income (SSI) recipients are poised to benefit from an additional payment in November 2024, thanks to a scheduling adjustment by the Social Security Administration (SSA). With December 1 falling on a weekend, beneficiaries will receive their December payment early, on Friday, November 29, 2024. This change aims to ensure that recipients have access to their funds before the weekend, offering vital financial support as the holiday season approaches.
Why Are SSI Recipients Receiving Double Payments?
Typically, SSI payments are disbursed on the 1st of each month. However, when this date coincides with a weekend or holiday, the SSA sends payments on the last business day of the preceding month. This November, the early payment means that SSI recipients will not receive a check in December due to the advance payment made in November.
Previous Similar Adjustments
This isn’t the first time SSI beneficiaries have seen a scheduling change. A similar adjustment occurred in August 2024, when recipients received both their August and September payments within the same month. While this pattern is not uncommon, it requires careful budgeting for those reliant on these funds.
Upcoming Changes for Early 2025
Looking ahead to 2025, SSI beneficiaries should prepare for further scheduling adjustments. With New Year’s Day falling on a holiday, January’s SSI payments will be sent out on December 31, 2024. Additionally, recipients can expect the following payment dates:
- February’s payment: January 31, 2025
- March’s payment: February 28, 2025 (with no payment in March)
Despite these shifts, beneficiaries will continue to receive all intended payments for the year.
Cost of Living Adjustment for Regular Social Security Recipients
While regular Social Security recipients will not receive an extra check, they will benefit from a 2.5% Cost of Living Adjustment (COLA) in 2025. This adjustment is designed to help beneficiaries keep pace with inflation, though it is lower than previous years.
Dates for SSI Payments
For SSI recipients, it is crucial to mark these important dates:
- November 29, 2024: Early December SSI payment.
- No payment in December 2024 due to the early November check.
Important October Payment Dates for Regular Social Security Recipients
- October 9, 2024: Payments for beneficiaries born between the 1st and 10th.
- October 16, 2024: Payments for those born between the 11th and 20th.
- October 23, 2024: Payments for beneficiaries born between the 21st and 31st.
Budgeting Tips for SSI Recipients
As two payments will arrive in one month, it’s essential for SSI recipients to budget effectively. The early November payment will cover December’s funds, so careful planning is crucial to navigate the remainder of the year.
For any missing or delayed payments, SSI recipients can contact the Social Security Administration at 1-800-772-1213 or visit their local office for assistance.
