For the Supplemental Security Income program, recipients will not receive checks in September, but they're not being shorted..
Millions of Social Security recipients will have their payments skipped this month because of a calendar quirk.Specifically for the Supplemental Security Income program, recipients will not receive checks in September because checks are sent on the first of the month. However, because September 1 fell on a Sunday, recipients got their benefits early, on August 30.The next round of payments won't come until October 1.
Kevin Thompson, a finance expert and founder and CEO of 9i Capital Group, called the schedule skip a 'quirk' in the system but said it should not impact beneficiaries financially.'It is really no issue since the payment should have actually been received earlier than normally anticipated,' Thompson told Newsweek. 'So, in essence, it is not truly a skipped payment, but a double payment in the month of August.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Social Security September payment schedule: Here’s when beneficiaries will get their checksMany Social Security retirement, disability, and survivor beneficiaries will receive their September payments on either the second, third, or fourth Wednesday of the month.
Read more »
Social Security crisis: Beneficiaries face 21% benefit cut without reforms, says CFRBA new report by the Committee for a Responsible Federal Budget finds that Social Security beneficiaries would see a 21% benefit cut when the trust fund is depleted in late 2033.
Read more »
Seniors Losing Nearly $400 Each Month in Social Security: ReportSocial Security beneficiaries have long complained that their monthly benefits do not accurately account for inflation.
Read more »
Bad news for millions of Social Security recipients: Latest COLA predictionsThe latest Social Security COLA prediction is out and it's not good news for retirees.
Read more »
Huge data breach involving social security numbers could impact millions of AmericansReporter at News 5
Read more »
Social Security Makes Major Change That Will Affect MillionsThe agency announced last week that physical signatures would no longer be required on more than 30 forms.
Read more »