Social Security Update: In less than three weeks, recipients of Supplemental Security Income will receive the second of two December payments, bringing their total SSI payment to $1,755.
On December 1, eligible recipients received their first payment of $841; on December 30, they will receive their second payment of $914. Due to a cost of living adjustment made to keep pace with inflation, the second installment is 8.7% higher than the first, according to the Social Security Administration.
Essential persons, or those who reside with SSI recipients and provide necessary care, will also receive payments on December 30 that are higher than those obtained on December 1. These payments will be worth $458 on December 30, a slight increase from the $421 they received on December 1. Couples who qualify will receive two payments totaling $1,261 for the month of December; monthly payments will rise to $1,371 starting in 2019.
One of the three months this year that people will receive two SSI payments is December. April and September were the other months in 2022 that had two installments.
To ensure that the 12 payments are made to eligible recipients payments annually in accordance with the schedule, the double payments balance the months in which no payments are made. Since the first of these months fell on a weekend and the Social Security Administration (SSA) only sends payments on the first business day of the month, these months are January, May, and October.
According to the agency, the SSA issues SSI checks on the business day before months that start on a weekend or holiday to ensure recipients receive their payments by the first of a month. One of these months is December because it falls on a holiday in 2023.
Due to the fact that the months immediately following these months fall on a weekend or a holiday, recipients can anticipate receiving double payments in the months of March, June, September, and December of the following year.