The Social Security Administration (SSA) has announced significant changes to its payment schedule for retirees in August. This announcement affects millions of beneficiaries under the Old Age, Survivors, and Disability Insurance (OASDI) and Supplemental Security Income (SSI) programs. These programs help more than 70 million Americans, and any shift in payment dates is crucial to note.
Changes
The SSA typically organizes payments by program and sometimes by the beneficiary’s birthdate. This schedule ensures that everyone receives their benefits promptly and according to specific guidelines. In August, however, some payment dates will change due to weekends and holidays.
OASDI Beneficiaries
For those receiving benefits under the OASDI program and who claimed benefits before May 1997, the regular payment date is the third day of the month. Since August 3 falls on a Saturday this year, the SSA will issue these payments on Friday, August 2.
Beneficiaries who claimed benefits after May 1997 receive payments according to their birthdate:
- Born between the 1st and the 10th: Payments on the second Wednesday of the month.
- Born between the 11th and the 20th: Payments on the third Wednesday of the month.
- Born between the 21st and the 31st: Payments on the fourth Wednesday of the month.
If these dates land on a weekend or holiday, the payment date is moved to the previous business day to avoid delays.
SSI Beneficiaries
The SSI program typically sends out five rounds of payments throughout the month, starting on the first day. In August, there will be an extra payment on August 30, due to September 1 falling on a Saturday. This adjustment means that recipients will receive six payments in August and only four in September.
August Payment Schedule
To provide clarity, here is the confirmed payment schedule for August:
| Benefit Program | Payment Date | Conditions for Payment |
|---|---|---|
| Supplemental Security Income (SSI) | August 1st | Payments are always made on the first day of the month |
| OASDI (pre-May 1997 beneficiaries) | August 2nd | August 3rd falls on a Saturday |
| OASDI (born between 1st and 10th) | August 14th | Payments on the second Wednesday of the month |
| OASDI (born between 11th and 20th) | August 21st | Payments on the third Wednesday of the month |
| OASDI (born between 21st and 31st) | August 28th | Payments on the fourth Wednesday of the month |
| Supplemental Security Income (SSI) | August 30th | Additional payment due to September 1st being a Saturday |
Important Reminders
If your benefits do not arrive on the expected date, you must notify the SSA at least three business days before contacting customer service. This precaution helps ensure that any issues can be resolved quickly and your benefits are not delayed.
The changes in the SSA payment schedule might seem minor, but they are essential for beneficiaries to understand. Ensuring you are aware of these changes helps you manage your finances better and avoid any confusion regarding your benefit payments.
Staying informed about these adjustments is crucial. Make sure to mark your calendar with these updated payment dates and plan accordingly.
If you have any questions or need further assistance, you can check the SSA website for detailed information and updates on payment schedules.
FAQs
What if my payment date falls on a weekend?
The SSA moves the payment date to the previous business day.
When will I get my August OASDI payment?
Depending on your birthdate, either August 14th, 21st, or 28th.
Will there be an extra SSI payment in August?
Yes, an additional payment will be made on August 30th.
What happens if my benefits don’t arrive on time?
Notify the SSA at least three business days before contacting customer service.
Are September payments affected by the August schedule?
Yes, there will be only four SSI payments in September.