Second SSA December Payment: The Social Security Administration (SSA) has decided to get into the Christmas spirit and will be sending out two checks this month, rather than just one as it normally does. Since December is a month of giving and receiving, this makes sense.
It is not that the Social Security Administration is taking over the role of Santa Claus; rather, it is that the agency is now sending out two checks every quarter rather than just one, and it just so happens that the month that comes to a close is one of those months.
Both payments will be distributed to persons who are eligible to receive benefits from the Supplemental Security Income (SSI) program.
On Friday, December 1, the Social Security Administration (SSA) distributed the first SSI payment. The second one will be distributed on Friday, December 29th.
It is a peculiarity of the payment schedule that recipients of Social Security Income (SSI) receive two payments in March, June, September, and December, while they do not receive any payments deposited in January, April, July, or October.
SSI Income Limits: What’s the income limit for Social Security?
A check is issued to the recipient for the remaining four months. It may be considered that the additional payment made in December was an advance for the following month.
If you have not received your payment by the due date, wait three more postal days before contacting Social Security. If you receive your payment via direct deposit, you can expect to receive it on the scheduled day.
Individuals who are blind, have a disability that qualifies them for Social Security, or are 65 years of age or older are eligible to receive payments from the Social Security Administration (SSI). A disability that stops you from working is considered to be a qualifying disability.
On the 29th of December, how much money will you receive?
Individuals will receive a maximum federal SSI benefit rate of $914 in 2023, while couples will receive a maximum benefit rate of $1,371. It is important to note that in the year 2024, both values will increase to $943 and $1,415, respectively.
As for retirement benefits, December 2023 follows the same pattern as every other month. Retirement benefits are distributed on the second, third, and fourth Wednesdays of each month based on your birth date.
The cost-of-living adjustment (COLA) of 8.7% will be applied to Social Security benefits in December 2023. This is the highest COLA that has been implemented in more than four decades.
A COLA of 3.2% will be applied to retirement checks beginning in January 2024, resulting in a nearly $57 increase per month.
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