Social Security: Do Social Security beneficiaries get a bonus in December?

sInnes 1935 When was Social Security created?workers over 65 receive their pension after retirement, and currently 1 in 5 receive a Social Security benefit.

These payments usually arrive on a set date each month, but there is one question on the minds of millions Whether these Social Security beneficiaries will receive an extra paycheck in December.

The answer is different than you might think

Frankly, Social Security beneficiaries won’t be getting an extra paycheck in December. What will happen is that millions of Supplemental Security Income (SSI) recipients You will receive two payments in December, but the second payment is not an additional payment.

The second payment is a payment due in January, but it will be received two days earlier. Now, Social Security payments are received by most beneficiaries on the second, third, or fourth Wednesday of each month, according to their date of birth.

What are the dates for receiving it?

People who receive Supplemental Security Income (SSI), such as those who are blind, disabled, or over 65 with very limited financial resources, You will usually receive these payments on the first day of the month.

If the date falls on a Saturday or Sunday, SSI payments will be sent the next business day. This year, SSI recipients will be paid on December 1 and December 30. But the last payment is due in January 2023.

Earlier this year, SSI recipients received two payments in April and September (these last payments were for May and October). AARP says the same calendar adjustment It also applies to other Social Security payments if the date falls on a holiday.

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