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December will be the final month that Social Security recipients get payments with the 2023 cost-of-living adjustment of 8.7% — the highest in more than four decades.
Many to see double Social Security payouts in December. Scripps News Staff. November 21, 2023 at 5:33 PM. ... It's sometimes described as an oddity with the SSA payment schedule, but SSI ...
Usually, SSI benefits, which are payments for low-income seniors and disabled people, come on the first business day of each month but since Dec. 1 falls on a Sunday this year, SSI payments for ...
However, there is one exception: People getting their January SSI checks on December 31 will see the new COLA reflected in that payment, according to the Social Security Administration.
The regulation is projected to "result in a reduction of about 6,500 OASDI [Social Security] beneficiary awards per year and 4,000 SSI recipient awards per year on average over the period FY 2019-28, with a corresponding reduction of $4.6 billion in OASDI benefit payments and $0.8 billion in Federal SSI payments over the same period."
The states for which the SSP is administered by the Social Security Administration are the following: California, Hawaii, Michigan, Montana, Nevada, New Jersey, and Vermont. In these states, only one payment is made to include both the SSI and the SSP, combining federal and state benefits. In some states, SSP is dually administrated.
The average Social Security payment of $1,230/month ($14,760/year) in 2013 [101] is only slightly above the federal poverty level for a one-person household – $11,420/yr and below the poverty guideline of $15,500/yr for two person households. [102]
SSI recipients will get their February 2025 payment on Jan. 31, 2025, and their March 2025 payment on Feb. 28, 2025, according to the 2025 SSA calendar. That means SSI recipients will not get a ...