Supplemental Security Income beneficiaries will receive their May payment, worth $914 for individual filers, in just four more days. The monthly payment will be disbursed on May 1.
The monthly payment will be disbursed on May 1, with different amounts going to individual filers, joint filers, and essential persons. While individual filers will receive $914, eligible couples will receive $1,371, and essential persons, who live with someone receiving SSI payments and provide them with necessary care, will get a monthly payment of $458, according to the Social Security Administration.
The adjusted schedule means that beneficiaries still receive 12 checks per year, even though some months receive two checks, and some receive no money.There are multiple months in which two payments are delivered in the same month this year: March, June, September, and December. This is because the first of the month falls on a weekend in April, July, and October, and the first of January is always a holiday.
SSI payments were first issued by the SSA in January 1974, and payment rates have increased for cost-of-living adjustments since 1975, according to the agency.
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Social Security update: Direct payment worth $914 arriving in five daysSupplemental Security Income beneficiaries are set to receive their payment for the month of May, worth $914 for individual filers, in just five days. The monthly payments will be sent out to recipients on May 1.
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