SSI Recipients Will Get 2 Social Security Payments in May
If you receive Supplemental Security Income, or SSI, you may notice two payments in your account in May. This is not a mistake or a bonus, but rather the result of how the Social Security Administration schedules its monthly SSI payments.
SSI is a federal program that provides financial assistance to low-income Americans who are blind, disabled, or age 65 and older. Nearly 7.4 million people rely on these benefits each month to cover essential expenses such as housing, food, and medical care.
Typically, SSI payments are distributed on the first day of each month. However, if the first falls on a weekend or federal holiday, the payment is moved to the last business day of the previous month. In May, because June 1 falls on a Sunday, the June SSI payment will be issued early on Friday, May 30. This means beneficiaries will receive two payments in May – one at the beginning of the month and another at the end.
Although it may appear as extra money, this is not a bonus or double payment. The June payment is just arriving early. There will be no payment issued in June because it has already been sent. The next SSI payment will be on July 1. These schedule shifts happen a few times a year, with recipients receiving two payments in August, October, and December.
If you receive both SSI and Social Security benefits, or started receiving Social Security before May 1997, your payments may follow a different schedule. Typically, this group receives SSI on the first and Social Security on the third of the month. However, due to the Sunday falling on the third this month, they will receive SSI on Thursday and Social Security on Friday.
Other Social Security beneficiaries will be paid according to the regular monthly schedule. Payments will be made based on the recipient’s birthday – between the 1st and 10th on May 14, between the 11th and 20th on May 21, and between the 21st and 31st on May 28.
Stay informed about your benefit payments and schedule to ensure you are prepared for any changes. Remember, these adjustments are part of the regular process and will continue throughout the year.
