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SOCIAL SECURITY

This is the unusual payment that thousands of Americans will receive in May from Social Security

The Social Security Administration follows a regular payment schedule each month, but in May, some beneficiaries will receive two checks instead of one.

Año con año, la SSA realiza un aumento a los pagos del Seguro para igualar los beneficios con la inflación. A esta igualación se le conoce como COLA.
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The Supplemental Security Income (SSI) is a federal assistance program that provides cash benefits to eligible individuals with insufficient income who are elderly, blind, or disabled. SSI benefits are available to the following:

  • Elderly people aged 65 or older, with limited income and resources.
  • Blind people with limited income and resources.
  • Disabled people (adults and children) with limited income and resources.

This is the unusual payment that thousands of Americans will receive in May from Social Security

The Social Security Administration follows a set payment schedule to ensure that beneficiaries get their monthly checks on time. SSI recipients are scheduled to collect their payments on the first day of each month.

However, if the first day of the month falls on a Saturday, Sunday, or holiday, payments are sent in advance on the preceding banking day which would be a Friday if the first falls on a weekend.

This will be the case in June, as the first day of the month falls on a Saturday. Recipients of Supplemental Security Income are thus preparing to receive a second such payment this month.

Second Supplemental Security Income payment in May: Shipping dates

The Supplemental Security Income check for May was already sent on the first of this month. The second payment will be sent at the end of the month.

Because June 1 is a Saturday, the SSI payment is advanced and sent on May 31. This also means that the SSA will no longer send any Supplemental Security Income payments in the month of June.

Here is the complete Social Security payment schedule for May:

  • Wednesday May 1: SSI Beneficiaries
  • Friday, May 3: Beneficiaries who began receiving their retirement payments before May 1997
  • Wednesday, May 8: Beneficiaries with a date of birth between the 1st and the 10th
  • Wednesday, May 15: Beneficiaries with a date of birth between the 11th and the 20th
  • Wednesday, May 22: Beneficiaries with a date of birth between the 21st and the 31st
  • Friday, May 31: SSI beneficiaries (payment for June)

SSI payments: how much will beneficiaries receive in May?

This year, Supplemental Security Income benefits have risen to $943 for individuals and $1,415 for couples.

Like Social Security payments, Supplemental Security Income benefits are sent via direct deposit to beneficiaries who have provided a bank account to the Social Security Administration. The other form of payment is via postal mail, which takes longer to arrive.

If you do not receive your payment as scheduled, allow three days for additional shipping before contacting Social Security, per the SSA.

To qualify for SSI benefits, individuals must meet specific eligibility criteria related to income, resources, and disability status. Eligibility determinations are based on factors such as income level, assets, living arrangements, and specific medical conditions.

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