By outdoor-nature-child.com In an upcoming development that could significantly impact beneficiaries, approximately 7 million Supplemental Security Income (SSI) recipients will receive an additional check this November. KTLA 5 in Los Angeles reports that this extra payment comes during a month that includes not only the quadrennial presidential election but also Thanksgiving.
Typically, SSI beneficiaries receive their monthly payments from the Social Security Administration (SSA) on the first day of each month. If that day falls on a weekend or holiday, the payment is made on the preceding business day.
In August of this year, recipients received their checks for both that month and September, but there was no payment issued for September. Similarly, November will mirror that August situation, as beneficiaries will receive their checks for November and December—changing the usual schedule since December 1 falls on a Sunday. The last payment of the year will be for January 2025, scheduled for December 31, and the initial days of January, February, and March will also land on weekends or holidays. Specifically, the January 31 payment will relate to February, while the February 28 payment will cover March, with no checks issued for March itself. It will return to the usual schedule in April.
Regardless of when payments are received, SSI beneficiaries are assured of receiving their full scheduled annual disbursements. However, if a month includes two payments while another has none, recipients may need to adjust their budgeting accordingly.
For those receiving regular Social Security benefits rather than SSI, the payment schedule for November and December will remain unaffected. However, these recipients could still see changes due to the cost-of-living adjustment (COLA) recently announced by the Social Security Administration.
The latest COLA increase is 2.5%, which is lower than last year’s 3.2% and 2022’s 8.7%, reflecting a trend of easing inflation. This adjustment is calculated based on the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W) as reported by the Labor Department.