Social Security Payment Update – Beneficiaries will receive $1828 in March. The first installment was made on March 1 to qualified recipients, and the second payment will be sent on March 31.
In less than two weeks, beneficiaries of Supplemental Security Income will start receiving the second of two payments arriving in March.
The first installment was made on March 1 to qualified recipients, and the second payment will be sent on March 31. Because April 1 falls on a Saturday this year, the April payment will be replaced by the second round. For individual filers, each payment is worth $914, so beneficiaries will receive $1,828 in March.
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In 2 Weeks, The Second Of March’s Double Direct Payments Totaling $914 Will Be Received
On the first of each month, the Social Security Administration normally mails one SSI check. To ensure that recipients receive their checks by the first of the month, the administration issues the checks on the final business day of the previous month when the first day of the month falls on a holiday or weekend, according to the agency.
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A monthly SSI payment is normally sent by the Social Security Administration on the first of the month. However, the administration releases the checks on the final business day of the preceding month in months where the first falls on a vacation or weekend to ensure recipients receive the check by the first of the month, according to the agency.
Couples who qualify will receive two payments totaling $1,371 in March, and important individuals who live with SSI recipients and provide them with necessary care will receive payments at a rate of $458 per month.
This year, there will be two payments for the following three months: June, September, and December. This is due to the fact that in July and October, the first of the month comes on a weekend. There are always two checks for December because January 1 is a holiday.
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The Social Security Administration began issuing SSI payments in January 1974, and since 1975, the government says, payment rates have increased to reflect cost-of-living changes.