By Lore Ramirez
May 11, 2024, 06:00 AM EDT
In general the Social Security Administration (SSA) sends your payments on the same days; For example, schedule your Supplemental Security Income (SSI) payment for the first day of the month. However, If this date falls on a weekend or holiday, Social Security will send payments the previous business day and this is exactly what will happen in the month of June.
Yeah you receive retirement benefits or Social Security Disability Insurance (SSDI)it is important that you take into account that there will be a change in the payment schedule for the month of June 2024. Keep reading to find out why there will not be a Social Security payment in the third month of June and when you will receive your money.
The SSA typically sends retirement or SSDI payments on the second, third, and fourth Wednesday of the month. and the reason why the Social Security Administration is rescheduling the payment for Wednesday, June 19 is very simple. June 19, 2024 is a federal holiday, so SSA must send this payment the previous business day to both retirees and eligible SSDI beneficiaries..
And this can be good news for some people, because they will receive one of their payments a day in advance; So if your budget is reduced or you spent all your money by that date, you will be happy to receive it before the expected date.
How much will I receive the Social Security payment that was due to arrive on the third Wednesday of June 2024?
The people with Social Security Disability Insurance (SSDI) and retirees receiving benefits after April 20, 1997, and whose dates of birth are from the 11th to the 20th, They will receive their Social Security payment on June 18. And in case you have doubts, June 19 is celebrated as Juneteenth, also known as Liberation Day or Emancipation Day.
SSA will also not send SSI on June 1, 2024
As we mentioned in other articles, those Supplemental Security Income (SSI) beneficiaries will also have a change in the June payment schedule and the place of receiving your money on June 1, it will be delivered to you on May 31; Thus the Social Security Administration avoids sending money on Saturday.
If your retirement or SSI payment is not made on time, you must first contact your bank or financial institution. Wait three days for shipping before seeking out SSA. As for the average payments for May 31 and June 19, they are around $699 and $1,913 dollars.
Keep reading:
– Social Security: How to increase your retirement benefits by $150
– Social Security: 3 rules you should know before claiming retirement benefits
– Finance expert advises how and when to claim social security payments