In February of 2023, almost 71 million Individuals received payments from the Social Security Administration (SSA).
Due to the massive scale of issuing so many payments, the agency staggers when they are distributed based on the recipient’s date of birth, type of benefit, and initial enrollment date.
Social Security Double Payment
This results in particular beneficiaries occasionally receiving multiple payments within a calendar month. In 2023, March will be among these months, alongside June, September, and December. Another group of beneficiaries receives both Social Security and Supplemental Security Income, so they always accept two payments.
As previously stated, recipients of both Social Security and Supplemental Security Income receive two monthly payments. The agency issues a Supplemental Support Income check on the first of the month and a check on the third.
If the beginning of the month falls on a weekend or a federal holiday, however, the payment date is pushed to the earliest working day. In April, the first falls on a Saturday, so the payment was rescheduled to March 31st, the preceding Friday.
The first payment of 2024 falls on January 1, which is a Monday, thus that payment will be made on December 29, 2023, instead.
How Much Can I Expect?
The SSA provides payments to retired and handicapped workers, as well as their surviving spouses and dependent children.
The amount each beneficiary receives is determined by several variables, including when the worker began collecting Social Security and their Primary Insurance Amount. The average monthly payout for all forms of benefits in January 2023 was $1,961, according to official data.
Supplemental Security Income is intended for disabled adults and children whose income and resources fall below certain limits. The assistance is also accessible to persons over the age of 65 whose income falls below the requirements.
As of January 2023, the average payment for Supplemental Security Income recipients was $677. In 2023, the limit was raised to $914 for individuals and $1,371 for couples.