The payment schedule for social security recipients will look a bit different for the month of August.
Those who receive Supplemental Security Income checks can expect two checks in July instead of one, but that will mean no checks in the month of August. This is because Aug. 1, the day the check would usually be scheduled, falls on a Saturday.
Rules state that if the first of the month falls on a holiday or weekend, the Supplemental Security Income checks are delivered the previous weekday.
Therefore, SSI recipients will get their August check on July 31. This also means they will not receive a check in the actual month of August.
The next check will come in September 1 for that month.
For Social Security recipients who do not receive SSI, the payment date depends on your date of birth:
If you were born between the 1st and 10th of the month, you will receive your payment on the second Wednesday of the month. If you were born between the 11th and 20th of the month, you will get your payment on the third Wednesday of the month. If you were born between the 21st and 31st, you will receive your money on the fourth Wednesday of the month.The calendar quirk comes amid a number of changes for recipients this year.
Among the key adjustments are increases in monthly payments as well as Medicare Part B premiums, and higher income limits for those working while receiving benefits.
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