Why Social Security recipients will get two payments in December

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

Typically, these are payments that come on a set date every month. But a VERIFY viewer despatched a textual content to our staff asking if Social Security recipients will get a bonus fee in December.

Will Social Security recipients obtain a bonus fee in December?

No, Social Security recipients will not obtain a bonus fee in December. 

Millions of Supplemental Security Income (SSI) recipients will obtain two payments in December, however the second is just not an additional fee. Instead, the second deposit is simply the January fee a few days early.

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Social Security payments are despatched out on a strict schedule. Most recipients 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), similar to those that are blind, disabled, or at the least 65 years previous with very restricted monetary assets, usually get these payments on the primary of the month. This is usually a downside if the primary falls on a weekend or federal vacation when banks are closed, prefer it does on Sunday, Jan. 1, 2023. 

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As a workaround, SSI payments are despatched out the following earliest enterprise day. So this 12 months, SSI recipients will get paid on Dec. 1 and Dec. 30. But the latter fee is for January 2023.

Earlier this 12 months, SSI recipients obtained two payments in April and September (these latter payments have been for May and October). AARP says that the identical schedule adjustment additionally applies to different Social Security payments if the date falls on a vacation. You can see the total schedule of payments for 2022 and 2023 right here.