Close Menu
BestNewsOnline
    Facebook X (Twitter) Instagram
    BestNewsOnline
    • Retirement planning
    • Insurance
    • Real estate
    • Subscription
    BestNewsOnline
    Home»Personal Finance»Social security: do SS recipients receive a bonus in December?
    Personal Finance

    Social security: do SS recipients receive a bonus in December?

    December 25, 20222 Mins Read
    WhatsApp Facebook Telegram

    Ssince 1935 when Social Security has been createdworkers over 65 receive their pension after retirement, and currently 1 in 5 receive an SSA benefit.

    These payments usually arrive on a fixed date each month, but one question that worries millions of people is whether these Social Security recipients will receive extra pay in December.

    The answer is different than you might think

    To put it bluntly, Social Security recipients will not receive extra pay in December. What will happen is that millions of Supplemental Security Income (SSI) recipients will receive two payments in December, but the second payment is not an additional payment.

    The second payment is a payment that is due in January, but it will be received a few days earlier. Now, Social Security payments are received by most recipients on the second, third, or fourth Wednesday of each month, based on their date of birth.

    What are the dates to receive it?

    People who receive Supplemental Security Income (SSI), such as people who are blind, disabled, or over the age of 65 with very limited financial resources, usually receive these payments on the first day of the month.

    If the date falls on a Saturday or Sunday, SSI payments will be sent the next business day. This year, SSI recipients will be paid on December 1 and December 30. But this last payment is due in January 2023.

    Earlier this year, SSI recipients received two payments in April and September (the latter payments were for May and October). AARP says same schedule adjustment also applies to other Social Security payments if the date falls on a holiday.

    Add A Comment
    Leave A Reply Cancel Reply

    What's hot

    Anywhere Real Estate (NYSE:HOUS) Shares Gap After Analysts Downgrade

    October 31, 2022

    Will Social Security be there when you retire? What every generation should know

    November 10, 2022

    Shelton underpays union workers’ pension plans

    October 27, 2022

    A retirement community with a 2-year waiting list plans to build an apartment building

    October 31, 2022
    Don't miss

    Oklahoma Realtor Moves and News December 3, 2022

    December 3, 2022

    Top 10 real estate sales in North and West Vancouver 2022

    January 29, 2023

    The real estate market remains competitive

    December 5, 2022
    Picked for you

    LACERA invites tenders for the system’s emerging real asset management program

    Retirement planning February 2, 2023

    The Los Angeles County Employees Retirement Association invites proposals from qualified companies to implement the…

    BestNewsOnline.net is owned and managed by

    Top10 International FZ LLE
    Office 2002, 20th Floor, Creative Tower
    Fujairah, United Arab Emirates
    TRN: 100608946800003

    • Home
    • Contact us
    • Privacy policy
    • Terms and services

    Type above and press Enter to search. Press Esc to cancel.