Some Americans who receive federal benefits could see two payments arrive this week as the Social Security Administration's October schedule comes to a close. The final round of October Social Security benefits is scheduled for Wednesday, October 28, while November's Supplemental Security Income (SSI) benefit will be paid early on Friday, October 30. However, the two payments are not two installments of the same benefit.
Wednesday's payment is an October Social Security benefit for certain recipients, while Friday's payment is the November SSI benefit being issued ahead of schedule. "Social Security is funny, some months when the payments fall on weekends. The SSA does not issue checks on weekends, so some will be receiving two checks for the month of October," Kevin Thompson, the CEO of 9i Capital Group and the host of the 9innings podcast, told Newsweek.
Millions of Americans rely on Social Security and SSI payments to cover everyday costs, but the government's payment calendar can occasionally result in checks arriving earlier than beneficiaries may expect. The timing this week could be particularly noticeable for people who receive both Social Security and SSI. At the same time, SSI recipients should be aware that the Friday payment is their November benefit, so they should not expect another regular SSI payment during November.
The first payment is scheduled for Wednesday, October 28, and applies to Social Security beneficiaries whose birthdays fall between the 21st and 31st and who are paid under the agency's regular birth-date schedule. The second is scheduled for Friday, October 30, and goes to SSI recipients. Although SSI is ordinarily paid on the first of the month, the November payment is being moved forward because November 1 falls on a Sunday.
That means someone who qualifies for SSI and also receives a Social Security payment on the applicable schedule could see two federal benefit payments this week. "Many receiving SSI are those that are impacted. Standard beneficiaries remain on their normal schedule," Thompson said.
However, experts say to keep in mind that people receiving both Social Security and SSI can be subject to a different Social Security payment schedule. The SSA's official calendar says that people receiving both benefits generally receive Social Security on the third of the month and SSI on the first, rather than following the Wednesday birthday schedule. For SSI recipients generally, October is therefore a two-payment month: beneficiaries received their regular October SSI benefit on October 1 and will receive their November benefit on October 30.
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