The Supplemental Security Income (SSI) program is always due on the first calendar day of the month. But if the first day is a federal holiday or the weekend, Social Security needs to change. In this manner, the benefit payment given to the Americans on a low income would be sent earlier and won’t be delayed.
This is what’s going to happen in November. Supplemental Security Income recipients are even if all eligible recipients got their payment on November 1, 2024, there will still be a new payday on November 29.
Why will there be an SSI payment on November 29, 2024?
You probably knew that December 1 is Sunday and that, as always, the Supplemental Security Income will be issued on the previous business day. Social Security then sends the money on a day, when SSA’s offices and banks are open.
If the December 1 payment was rescheduled to November 29, 2024, there will still be a payday in December. On the previous business day, the SSI payment for January 1 will once again be made.
You should also be aware that January 1 is a federal holiday. That means the January payment to Supplemental Security Income recipients will be sent out by Social Security on December 31, 2024. That means that this monthly payment, which will be delivered in December, will include the 2.5% COLA hike.
Also Read: Social Security Payment Schedule: When to Expect Checks from Nov 13-29
Who will receive $1,415 from SSI on November 29?
Only married couples who receive no reductions will get $1,415 on Nov. 29. For couples, this is the maximum amount. You can earn up to $943.
SSI grants an essential person up to $472. It’s also the last payment of 2024 that we don’t want to forget. The 2025 COLA increase will be included in the December 31 Supplemental Security Income payment. The boost is small, but an individual will receive up to 24 dollars extra.
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
Conclusion
Finally, the modified SSI payment schedule is designed so that recipients get prompt assistance despite the occurrence of weekends or holidays as regular pay days. Eligible SSI recipients will receive payments in this unique arrangement on November 29 to avoid delays, in place of the December 1 date.
The new 2025 COLA adjustment will also be part of the December 31 payment and will therefore add a small increase to monthly benefits. These changes are essential to keep individuals and married couples on SSI and to help essential persons keep meeting their financial needs into the new year.
Also Read: 2025 SNAP Increase: Key Eligibility and Payment Dates for Eligible Americans
FAQs
Q. Why is there an SSI payment scheduled for November 29, 2024?
A. The SSI payment is scheduled for November 29, 2024, because December 1 falls on a Sunday, which is a federal holiday. As a result, Social Security will issue payments on the previous business day, which is November 29, to ensure recipients do not experience delays.
Q. Who will receive the $1,415 SSI payment on November 29, 2024?
A. The $1,415 SSI payment on November 29, 2024, will be received by married couples who do not have any reductions in their benefits. This amount is the maximum for couples receiving SSI.
Q. Will there be any payments in December after the November 29 payment?
A. Yes, there will still be a payment in December. The SSI payment for January 1 will be made on December 31, 2024, which will also include the 2.5% COLA hike for eligible recipients.
Q. What is the COLA adjustment for 2025, and when will it be applied?
A. The COLA adjustment for 2025 is a slight increase, with individuals receiving up to $967, married couples receiving up to $1,450, and essential persons receiving up to $484. This adjustment will be included in the December 31, 2024, SSI payment.
Q. How does the SSI payment schedule accommodate for weekends and holidays?
A. The SSI payment schedule accommodates weekends and holidays by ensuring that payments are issued on the last business day before the first of the month, preventing delays in benefit distribution for recipients.