Navigating the Social Security system can be tricky, especially when there are changes to payment dates. The Social Security Administration (SSA) ensures that retirees, disabled individuals, and those with blindness receive their benefits on time, but adjustments are sometimes necessary. Here’s what you need to know about the new payment dates for June 2024, including a few crucial changes that may affect you.
Table of Contents
- 1 Scheduled
- 2 Why Payment Dates Change
- 3 Schedule Adjustments
- 4 Adjusted Payment
- 5 Staying Informed
- 5.1 FAQs
- 5.2 Why are SSI payments being issued in May instead of June?
- 5.3 What if my birthday falls between the 11th and the 20th of the month?
- 5.4 How often do Social Security payment dates change?
- 5.5 Will my payment be delayed if I don’t receive it on the scheduled date?
- 5.6 How can I stay informed about future payment date changes?
Scheduled
The SSA sends out benefits each month to retired workers and those who qualify under the Supplemental Security Income (SSI) program. The payment schedule typically follows these rules:
- 1st of Every Month: Payments are sent to those who began receiving Social Security before May 1997, beneficiaries living abroad, and all SSI recipients.
- 3rd of Every Month: Applies to beneficiaries who usually receive payments on the 1st but are also receiving SSI, ensuring a staggered distribution.
- Second Wednesday: Payments for individuals born between the 1st and the 10th of the month.
- Third Wednesday: Payments for individuals born between the 11th and the 20th of the month.
- Fourth Wednesday: Payments for individuals born between the 21st and the 31st of the month.
Why Payment Dates Change
When a scheduled payment date falls on a weekend or a national holiday, the SSA adjusts the payment to the nearest prior business day. This helps beneficiaries avoid disruptions in their financial planning and ensures that they receive their payments when banks are operational.
Schedule Adjustments
This June, two key dates have been impacted by a weekend and a holiday, resulting in changes to the usual payment schedule. Here’s a breakdown of the adjustments:
- SSI Recipients: Typically, SSI payments are issued on the 1st of the month. However, since June 1st falls on a weekend, SSI beneficiaries will receive their June payment on Friday, May 31st. This means there will be no SSI payments issued in June.
- Payments Affected by Juneteenth: Beneficiaries with birth dates between the 11th and the 20th would normally receive their payments on the third Wednesday of the month. However, because Juneteenth is a federal holiday on June 19th, these payments will be made on Tuesday, June 18th instead.
Adjusted Payment
To ensure clarity, here are the specific payment dates for June 2024:
- Friday, May 31: SSI beneficiaries (no payments in June)
- Monday, June 3: Beneficiaries who started receiving payments before May 1997 and also receive SSI
- Wednesday, June 12: Beneficiaries with birth dates between the 1st and the 10th
- Tuesday, June 18: Beneficiaries with birth dates between the 11th and the 20th
- Wednesday, June 26: Beneficiaries with birth dates between the 21st and the 31st
Staying Informed
It’s essential to stay updated on any changes to the Social Security payment schedule to ensure you receive your benefits without delay. If you have any concerns or questions, it’s always a good idea to check with the SSA or visit their website for the latest information.
FAQs
Why are SSI payments being issued in May instead of June?
Since June 1st falls on a weekend, SSI payments will be issued on May 31st to ensure recipients receive their funds on time.
What if my birthday falls between the 11th and the 20th of the month?
Due to the Juneteenth holiday on June 19th, payments for beneficiaries born between these dates will be made on June 18th.
How often do Social Security payment dates change?
Payment dates can change whenever they fall on weekends or federal holidays.
Will my payment be delayed if I don’t receive it on the scheduled date?
If there’s a delay or you haven’t received your payment, contact the SSA immediately to resolve any issues.
How can I stay informed about future payment date changes?
Regularly check the SSA website or subscribe to their notifications to stay updated on any changes to your payment schedule.
