A second payment of up to $914 for individual filers will go out to Supplemental Security Income program recipients in just under four weeks, in a rare double payment because of a scheduling kink in the Social Security Administration‘s calendar.
The first payment was disbursed on Sept. 1 but will be followed by a second payment in 27 days, on Sept. 29, which will replace October’s payment. The double payment is because of a scheduling quirk in the Social Security Administration‘s calendar that gives recipients two payments in one month if the first of the following month falls on a weekend.
When there are two payments in a month, the second is normally on the last day of the month. Since Oct. 1 falls on a Sunday, the payment will be sent on Sept. 29, because Sept. 30 is a Saturday.
Recipients normally receive only one check each month, but there are four months that beneficiaries will get two checks this year: March, June, September, and December. This is because the first of the month is on a weekend in April, July, and October, and Jan. 1 is always a holiday.
The payment amount for beneficiaries varies depending on how they file for the benefits. For individuals, the rate for payments is up to $914 per month. The rate for eligible couples is up to $1,371 per month. Essential persons, who live with someone receiving SSI and provide them with necessary care, have a monthly payment of $458.
In order to qualify for the Supplemental Security program, a person has to be 65 or over and meet specific financial requirements. Those under 65 could also qualify if they are at least partially blind or have a physical or mental condition that seriously limits their daily activities for at least one year or is expected to result in death.
Children can also qualify for the payments if they are at least partially blind or have a physical or mental condition that limits their daily activities for at least a year and their parents or legal guardians have limited income or savings.
These payments were first issued by the Social Security Administration in January 1974, and payment rates have increased for cost of living adjustments since 1975, according to the agency.