As the year draws to a close, the Social Security Administration (SSA) is preparing to send out the final monthly benefits of 2023.
on another day in decemberSSA makes payments to retired workers and their survivors. This means the deceased beneficiary’s children, spouse, widow, widower, or parents.
In addition, disability benefits will be paid. Insurance from the Social Security Disability Insurance (SSDI) and Supplemental Security Income (SSI) programs. We will tell you who will receive the money on the first day of the month.
Social Security: Who will receive their monthly benefit on December 1st?
According to the SSA payment schedule: Supplemental Security Income (SSI) benefits are sent to recipients on the 1st of each monthHowever, this does not apply if the month falls on a Saturday, Sunday, or public holiday. In that case, payment will be made by the previous business day.
Therefore, on December 1stthe administrator is Monthly payments to SSI beneficiaries.However, this Payment is more than just that They are received in the last month of the year.
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SSA will issue the second payment on Friday, December 29th. Monday, January 1, 2024 is a public holiday, so Your SSI payment for the month will be brought forward. Also, since this is the first payment in 2024, it will be even higher due to the 3.2% increase in cost of living adjustment (COLA).
For next year,SSI payments will increase from $914 to $943 per month for individuals. on the other hand, Benefits for couples will increase from $1,371 to $1,415
Social Security: This is the payment schedule for December 2023
According to the SSA: This is the Social Security and SSI payment schedule for the last month of 2023.
- December 1: SSI beneficiaries and beneficiaries who began payments before May 1997
- December 13th: Recipients whose date of birth is from the 1st to the 10th
- December 20th: Recipients whose date of birth is between the 11th and 20th
- December 27th: Recipients whose date of birth is between the 21st and 31st
- December 29: Supplemental Security Income (SSI) beneficiaries (payment equivalent to January 2024)
Payment will be sent by bank transfer This applies to people who have provided a bank account to the Social Security Administration, which has been required by the federal government since 2013. Less than 1 percent still receive payments as paper checks. by mailit may take additional days to arrive.
Social Security Administration For those who are still receiving rewards via email, we encourage you to sign up for direct deposit at your local office or my social security account.
According to the SSA: If you do not receive your payment on time, please wait 3 days for additional shipping. Before contacting Social Security.