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📂 Category: Personal Finance News,News
💡 Main takeaway:
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Key takeaways
- Although the government shutdown may disrupt some federal functions, Social Security benefit payments will continue to be distributed as usual.
- Most beneficiaries receive their payments according to their date of birth, but those who have been on Social Security for more than 28 years and Supplemental Security Income benefits have different distribution dates, separate from their date of birth.
The government remains closed while Congress debates the federal budget and cuts to health care programs. The closure may delay some functions at the Social Security Administration, but benefit payments will still be distributed on time.
The Social Security Administration distributes benefits to approximately 74 million people each month. Payments are distributed primarily according to beneficiaries’ birth dates, but there are different distribution dates for those who began receiving retirement, spousal, or survivor benefits before May 1997.
Supplemental Security Income, a program that provides additional income to people with disabilities and adults 65 or older who have little or no income, is distributed separately from Social Security benefits at the beginning of each month.
Why is this important?
Since Social Security beneficiaries have fixed incomes, knowing when they will receive their payments is essential to creating their budget and managing their financial obligations.
Here’s how the checks will be distributed for the rest of the year:
In November checks will be issued:
- October 31 – November SSI payments will be made on October 31 because November 1 falls on a Saturday this year.
- November 3 – Retirement benefits will be paid to those who have collected them since before May 1997.
- November 12 – Retirement, spousal and survivor benefits will be paid to those born between the 1st and 10th of any month.
- November 19 – Benefits will be paid to those whose birthdays are between the 11th and 20th of any month.
- November 26 – Benefits will be paid to those whose birthdays are between the 21st and 31st of any month.
In December checks will be issued:
- December 1 – SSI payments will be made to those who qualify.
- December 3 – Retirement benefits will be paid to those who have collected them since before May 1997.
- December 10 – Retirement, spousal and survivor benefits will be paid to those born between the 1st and 10th of any month.
- December 17 – Benefits will be paid to those whose birthdays are between the 11th and 20th of any month.
- December 24 – Benefits will be paid to those whose birthdays are between the 21st and 31st of any month.
- December 31 – SSI payments will be paid to those who qualify for January.
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