August has arrived, bringing essential Social Security payments for SSI recipients and beneficiaries from the retirement, survivor, and disability insurance (RSDI) program. Following the first two payments of the month, RSDI beneficiaries who claimed benefits after May 1997 will receive three additional payments based on their birth dates. Additionally, SSI recipients will receive an extra payment in the last week of the month since September 1st falls on a weekend. Whenever a payment date falls on a weekend or federal holiday, the Social Security Administration reschedules it for the preceding business day.
RSDI Payments
For RSDI beneficiaries, the payment schedule is structured around their birth dates. Here are the specifics for August:
- August 14th: Payments for those born between the 1st and the 10th.
- August 21st: Payments for those born between the 11th and the 20th.
- August 28th: Payments for those born between the 21st and the 31st.
SSI Payments
Supplemental Security Income (SSI) recipients will receive their last payment of the month on August 31st. This adjustment is due to September 1st being a weekend. Therefore, the SSA reschedules the payment to the last business day of August.
Payment Amounts
The payment amounts for disabled individuals vary. On average, disabled people are expected to receive $1,537. However, there are other specific payment amounts, such as:
- Blind Recipients: $2,590
- Maximum SSDI Payment: $3,822 for those who made Social Security contributions based on their maximum taxable earnings.
For SSI recipients, the average monthly payment is $698. However, individuals and couples who filed their applications will receive up to $943 and $1,415, respectively.
Double SSI Payments
In the second half of the year, there will be another double SSI payment in November because December 1st falls on a weekend. Here are the confirmed SSI payment dates for the rest of the year:
- August: Thursday, 1st of the month
- August (September): Friday, August 30th
- October: Tuesday, 1st of the month
- November: Friday, 1st of the month
- November (December): Friday, November 29th
Total Payments
SSI recipients will receive a double payment in August, totaling $1,886 for individuals and $2,830 for couples. It’s important to note that this is not an extra payment but rather an advance. Therefore, SSI recipients will not receive benefits in September. These monthly benefits already include the 3.2% increase from the cost of living adjustment (COLA) confirmed last October.
COLA
According to the Senior Citizens League (TSCL), the COLA for 2025 is projected to be around 2.63%, which is lower than the current COLA but will still result in an increase in Social Security payments in 2025. If the 2.63% COLA increase becomes official in October, it will determine the increase in Social Security checks for all beneficiaries starting in January 2025.
Potential Increases
Based on a 2.63% increase, the Social Security payments for SSI recipients could change as follows:
| SSI Benefits | Social Security Payments | Including 2025 COLA (2.63%) |
|---|---|---|
| On Average | $698 | $716 |
| Individuals | $943 | $968 |
| Couples | $1,415 | $1,452 |
| Essential Person | $472 | $484 |
As these adjustments take place, recipients can expect a slight boost in their payments, ensuring that their benefits keep pace with the cost of living.
Knowing the payment schedule and potential future increases helps beneficiaries plan their finances better. It’s always good to stay informed about these changes to manage your budget effectively.
FAQs
When will SSI recipients get their August payment?
On August 31st.
What is the average payment for disabled individuals?
$1,537.
How much will couples receive in total for August?
$2,830.
What is the projected COLA increase for 2025?
2.63%.
When is the next double SSI payment?
In November.