The Supplemental Security Income (SSI) program is always due on the first of the month. However, if the first day is a federal holiday or a weekend, Social Security must make an adjustment. This ensures that low-income Americans’ benefit payments are not delayed and can be issued in advance.
This is what will happen in November. Even if all eligible beneficiaries received their Supplemental Security Income payments on November 1, 2024, a new paycheck will occur on November 29.
Why will there be an SSI payment on November 29, 2024?
As you might expect, December 1 is a Sunday, and Supplemental Security Income payments will be distributed the previous business day. By doing so, Social Security delivers the funds on a day when its offices and banks are open.
Even if the December 1 payment is rescheduled for November 29, 2024, there will still be a December paycheck. Once again, the SSI payment for January 1 will be made on the prior business day.
Keep in mind that January 1 is a federal holiday. So, on December 31, 2024, Social Security will issue the January payment to Supplemental Security Income claimants. This suggests that the 2.5% COLA rise for 2025 will be included in this monthly payment in late December.
Who will receive $1,415 from SSI on November 29?
Only eligible married couples receiving no reductions will get $1,415 on November 29. This is the maximum amount for couples. Individuals could receive up to $943.
An essential individual on SSI could receive up to $472. Do not forget that this will be the final payment for 2024. The Supplemental Security Income payment on December 31 will include the 2025 COLA rise. An individual will receive up to 24 dollars more, which is a minor boost.
SSI payments after 2025 COLA will be:
- For individuals: up to $967
- For married couples: up to $1,450
- For an essential person: up to $484
Also See:- Social Security Announces New Benefit Changes for 2025 – Effective January 1