Home Personal Finance Social Security: Do SS beneficiaries receive a bonus payment in December?

Social Security: Do SS beneficiaries receive a bonus payment in December?

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S.since 1935 when Social security was createdworkers aged 65 and over will receive a pension after retirement, and one in five currently receive SSA benefits.

These payments are typically made on a fixed date each month, but one question on the minds of millions of people is: Whether these Social Security recipients will receive an extra salary in December.

the answer is not what you think

Frankly, Social Security recipients won’t get an extra paycheck in December.What happens is that millions of Supplemental Guaranteed Income (SSI) recipients receives two payments in December, but the second payment is not an additional payment.

The second payment is due in January, but it is received a few days ago. Social Security payments are now received by most recipients on the 2nd, 3rd, or 4th Wednesday of each month. It depends on your date of birth.

What is the pick-up date?

Recipients of Supplemental Security Income (SSI), such as those who are blind, disabled, and those over 65 with very limited financial resources typically receives these payments on the first day of the month.

If the date falls on a Saturday or Sunday, SSI payments will be sent the next business day. This year, the SSI recipient will be paid on his December 1st and his December 30th. However, the latter payment is due in January 2023.

Earlier this year, SSI recipients received two payments in April and September (the last payments were in May and October). AARP says same calendar adjustment It also applies to other Social Security payments if the date falls on a holiday.

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