2023-07-14 00:48:00
The Social Security Administration (SSA), like every month, sends the monthly payments for its beneficiaries and in this note we inform you of the schedule.
You should know that the SSA runs the national social security program made up of the retiree, survivors, and disability insurance programs. In that sense, it administers the Supplemental Security Income (SSI) program for the elderly, blind and disabled. In addition, it is in charge of assigning Social Security numbers to individuals residing in the United States.
Social Security benefits and Supplemental Security Income (SSI) payments increased 8.7% in 2023. This is the annual cost of living adjustment (COLA) required by law.
The increase began with benefits Social Security recipients receive in January 2023; while in SSI payments began on December 30, 2022.
A woman walking down a street in New York (Photo: EFE)
WHAT IS THE US SOCIAL SECURITY PAYMENT SCHEDULE?
According to the planning, these are the dates of the pending payments for the month of July:
July 12: those born between the 1st and 10th of any month.July 19: those born between the 11th and 20th of any month.July 26: those born between the 21st and 31st of any month. SSI payment schedule (Photo: SSA)
PAYMENTS MADE
On the first day of each month, Supplemental Security Income (SSI) benefits receive their payments, but since July 1 fell on a Saturday, the payment was made on June 30. For those who began receiving their payments before May 1997, Social Security sends the money on the 3rd of each month, if the date corresponds to a holiday or weekend, the payment is also advanced.
WHAT ARE THE SSA PAYMENT AMOUNTS?
With the 8.7% COLA increase, retiree payments will increase by about $146. According to the SSA, average payments during January of this year were $1,827. On the other hand, average payments for Supplemental Security Income (SSI) recipients will increase to about $656.
Now, the average Social Security check will be $1,827 for retired workers, up $146 from the average check in 2022. Couples where both spouses receive Social Security benefits will receive, on average, a check of US$2,972. A widower with two children will receive, on average, a check of US$3,520. A widower will only receive, on average, US$1,704. A disabled worker with his partner and one child will receive, on average, US$2,616. Disabled workers will receive, on average, a check for US$1,483. In the case of Supplemental Social Security (SSI), the standard check will be US$914 for individuals and US$1,371 for couples.
RELATED VIDEO
1689302588
#Social #Security #payments #July #United #States #MIX