Social Security Payments: What Beneficiaries Need to Know This Week
Monday, 26 August 2024, 07:37
Key Dates for Social Security Payments
This week, two significant rounds of payments from the Social Security Administration will be distributed. Beneficiaries receiving retirement benefits and Supplemental Security Income (SSI) should prepare for their funds to arrive.
Retirement Benefits Payment Schedule
- The first retirement checks go out on August 28, targeting individuals born between the 21st and 31st.
- Those who have not claimed since before May 1997 will receive their payments.
Supplemental Security Income (SSI) Payments
- SSI payments will arrive on August 30, slightly earlier than the usual schedule.
- This change is due to the first of September falling on a weekend.
Importance of Timely Payments
The Social Security benefits are a lifeline for many individuals, especially those relying on their monthly checks to cover essential expenses. Understanding the payment schedule is vital for financial planning.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.