1. You are paid in arrears
Uncle Sam is quite fussy about receiving your payments on time, but he isn't nearly that kind in return.
According to the Social Security Administration, every Social Security check will be "given in the month after the month for which they are due." In other words, your May pay will be received in June.
2. You are paid monthly
Many of us grow accustomed to weekly, bimonthly, or at least twice monthly compensation in our working life, and we plan our budgets accordingly.
According to the federal Bureau of Labor Statistics, these pay periods characterize the great majority of paychecks. 3Q of firms pay either weekly or bimonthly, with less than 5% paying monthly.
3. Your payment date usually depends on your birthday
If your birthday is on the 1st through the 10th: Benefits are paid on the second Wednesday of the month. and,
If your birthday is on the 11th through the 20th: Benefits are paid on the third Wednesday.
If your birthday is on the 21st through the 31st: Benefits are paid on the fourth Wednesday.
4. If you receive SSI, your payment date is different
If you also get Supplemental Security Income (SSI) payments income supplements for the aged, blind, or handicapped who have little or no income
You'll get your Social Security check on the third of the month, exactly like you used to. Meanwhile, you'll receive your SSI payment on January 1st.
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