The Social Security Administration provides Social Security payments to retired workers, survivors, disabled persons, and recipients of the Supplemental Security Income (SSI) program. Since 1935, the SSA has been responsible for sending monthly payments to these individuals. To deliver payments for all programs, they established an annual payment schedule according to different criteria. However, sometimes this schedule can suffer some modifications if a payment date falls on a weekend or federal holiday. Whenever this happens, the federal agency will reschedule that payment for the preceding business day so beneficiaries won’t be affected. If you currently receive retirement benefits, be aware that this week won’t come with
Retirees won’t receive Social Security payments this week
More than 50 million retirees receive benefits every month to cover their living expenses, such as housing, groceries, health care, transportation, and entertainment. However, according to the Social Security payment schedule for 2024, these beneficiaries won’t receive Social Security payments this week. The reason behind this payment is that the SSA usually delivers five rounds of payments throughout the four weeks of the month, as follows:
On the first week of the month: SSI recipients get paid on the first day of the month and retired workers and disabled people who claimed benefits before May 1997 get paid on the third day of the month.
On the second week of the month: retired workers and disabled people who claimed benefits after May 1997 receive their Social Security payments on the second Wednesday.
On the second week of the month: retired workers and disabled people who claimed benefits after May 1997 receive their Social Security payments on the third Wednesday.
On the third week of the month: retired workers and disabled people who claimed benefits after May 1997 receive their Social Security payments on the fourth Wednesday.