As we count down the last ten days of the year, it is important to know about changes to the Social Security Payment Calendar.
This will help you get ready for the holidays. You might be surprised or even confused if you do not know how the Social Security Administration (SSA) handles these kinds of situations.
What happened last month was very different from what you have seen or heard in the past. Read on to find out more about how this government office makes sure you get your Social Security payment and how to avoid that.
What is inside the planning of each Social Security payment?
The Social Security Administration (SSA) carefully plans how the money will be spent throughout the month for every Social Security payment.
You can get a shorter version by looking at their official payment schedule. If you want to use that calendar, you should first make sure you know how they usually work. The Social Security Administration (SSA) will plan the benefits based on these rules:
- Separate their beneficiaries into two groups according to the date they started receiving their payments, using May 1997 as the cutoff date. The group that started before this month will receive their Social Security payment on the third day. Those who started after the cutoff date must follow the subsequent guidelines.
- Separate the second group according to their program. If they are members of the Supplemental Security Income (SSI), their money will come on the first day of the month. The rest (who are considered members of the OASDI—Old Age, Survivor, and Disability Insurance) will have to follow the next guideline.
- Separate each OASDI beneficiary according to their birth date, so a group gets paid once per week from the second to the fourth week, as follows:
|
Moth’s Week |
Birth Date of the Beneficiary |
|
Second |
1st to 10th day |
|
Third |
11th to 20th day |
|
Fourth |
21st to 31st day |
How does the full calendar look for each Social Security payment?
This is going to be the full calendar for each Social Security payment that will be distributed in December:
- Tuesday, December 3rd: Payment for all SSA beneficiaries that started before May 1997.
- Wednesday, December 11th: Disbursement for OASDI members that started after May 1997 and have a birth date between the 1st and 10th day of the month.
- Wednesday, December 18th: Payout for post-May 1997 OASDI beneficiaries whose birth dates are between the 11th and 20th of the month.
- Tuesday, December 24th: The last payment for the rest of the OASDI members was covered after.
- Tuesday, December 31st: SSI payment.
You might be wondering why, according to the SSA’s rules, you get an extra SSI payment at the end of the month but not at the beginning.
The payment for the 25th was moved to the 24th. The original dates are close to a holiday or a weekend if you look closely.
In these cases, the SSA will move the payment date up so that there is not a problem with the system that could put any Social Security payment at ris
How big will your Social Security payment be?
As a general rule, look at the average SSA payment. This is because everyone gets a different amount. New numbers from October show that the payments are $1,875.82 for retirees, $1,599.29 for dependents of survivors, $1,404.75 for disabled people, and $697.50 for SSI recipients.
What can you do to get a Social Security payment?
The first step is to ensure each program’s eligibility requirements cover you so your Social Security benefit is guaranteed. This is a small summary of those:
- Retirement Insurance: Contribute 10 years to the SSA and turn 62 years old or more.
- Disability Insurance: Contribute at least 5 years from the previous 10 years and be declared disabled or blind by a medical professional.
- Survivor benefits: I contributed to the SSA before passing away.
- SSI: Earn less than $1,971 monthly or have less than $2,000 and be more than 65 years old or disabled.
