If you are a Social Security Disability Insurance (SSDI) or Supplemental Security Income (SSI) beneficiary, knowing when you’ll receive your payments is crucial for managing your finances. The Social Security Administration (SSA) occasionally adjusts payment dates, which can affect your monthly budget. In 2024, there are notable changes in the payment schedule for June, August, and September. Here’s everything you need to know to stay on top of your Social Security payments.
Table of Contents
June 2024 Payment Changes
SSI payments are usually deposited on the 1st of each month. However, since June 1, 2024, falls on a Saturday, the payment will be rescheduled to Friday, May 31, 2024. This ensures that the payment is processed while banks are open.
SSDI Payments
SSDI payments scheduled for June 19, 2024, will be moved to June 18 due to June 19 being a federal holiday, Juneteenth. This adjustment ensures you receive your payment on a business day.
Summary
- SSI Payment Date: May 31, 2024 (instead of June 1, 2024)
- SSDI Payment Date: June 18, 2024 (instead of June 19, 2024)
August and September 2024 Payment Changes
For individuals who began receiving benefits before May 1997, the payment scheduled for August 3, 2024, will be moved to August 2, 2024, as August 3 falls on a Saturday.
September 2024
SSI beneficiaries will receive two payments in August due to the September 1 payment falling on a Sunday. Therefore, the September SSI payment will be sent on Friday, August 30, 2024.
Summary
- Pre-May 1997 Benefits: August 2, 2024 (instead of August 3, 2024)
- SSI Payment Date: August 30, 2024 (instead of September 1, 2024)
General Social Security Payment Schedule
Social Security payment dates are based on your date of birth and the type of benefit you receive:
- Born 1st-10th: Payment on the second Wednesday of the month.
- Born 11th-20th: Payment on the third Wednesday of the month.
- Born 21st-31st: Payment on the fourth Wednesday of the month.
Retirement, Survivor, and Disability Benefits
These benefits follow the same birth date-based schedule as SSDI.
Supplemental Security Income (SSI)
SSI payments are typically made on the first day of each month. If the first falls on a weekend or holiday, payments are made on the preceding business day.
Planning Your Budget
Understanding these changes is vital for effective financial planning. Here’s a quick reference for the updated payment dates:
- May 31, 2024: June SSI payment (due to June 1 falling on a Saturday)
- June 18, 2024: SSDI payment (due to June 19 being Juneteenth)
- August 2, 2024: Pre-May 1997 benefits (due to August 3 falling on a Saturday)
- August 30, 2024: September SSI payment (due to September 1 falling on a Sunday)
Staying informed about the Social Security payment schedule changes helps you manage your finances more effectively. Mark these dates on your calendar and plan accordingly to ensure you stay on top of your monthly budget.
FAQs
Why is the SSI payment date changed for June 2024?
June 1, 2024, falls on a Saturday, so the payment is rescheduled to May 31, 2024.
Why is the SSDI payment date changed for June 2024?
June 19, 2024, is Juneteenth, a federal holiday, so the payment is moved to June 18, 2024.
Why will there be two SSI payments in August 2024?
Because September 1, 2024, falls on a Sunday, the September SSI payment will be issued on August 30, 2024.
How are Social Security payment dates determined?
Payment dates are based on your date of birth and the type of benefit you receive.
What should I do if my payment doesn’t arrive on the scheduled date?
Allow at least three mailing days before contacting the SSA’s customer service.