Social Security: SSI recipients to get two payments in September

Social Security was created in 1935 to pay retired staff age 65 or older a seamless revenue after retirement. Currently, 1 in 5 Americans receives a Social Security profit from the U.S. Social Security Administration (SSA). 

Typically, these are set payments that come like clockwork every month. But VERIFY viewer Tom desires to know whether or not Social Security recipients will get a bonus fee subsequent month.

Will Social Security recipients obtain a bonus fee in September?

No, Social Security recipients won’t obtain a bonus fee in September. 

Millions of Supplemental Security Income (SSI) recipients will obtain two payments in September, however it isn’t an additional fee. Instead, the second deposit is simply the October fee a day early.

Social Security payments are despatched out on a strict schedule. Most retirees get their payments on the second, third or fourth Wednesday of every month, relying on their start date. 

But AARP says individuals who obtain Supplemental Security Income (SSI), reminiscent of those that are blind, disabled, or a minimum of 65 years outdated with very restricted monetary sources, sometimes get their payments on the primary of the month. This is usually a drawback if the primary falls on a weekend or federal vacation when banks are closed, prefer it does on Saturday, Oct. 1, 2022. 

More from VERIFY: No, all Americans aren’t receiving checks value $1,657

To fight this concern, SSI payments are despatched out the subsequent earliest enterprise day. So this yr, SSI recipients will get paid on Sept. 1 and Sept. 30. However, this isn’t a bonus fee for the month of September – SSI recipients are simply getting their October fee someday earlier.

Earlier this yr, SSI recipients obtained two payments in April. They are additionally set to obtain two payments in December. The identical schedule adjustment additionally applies to different Social Security payments if the date falls on a vacation, AARP says.