Written By: Anushka
Social Security announces major changes in retiree paychecks for August.
The Social Security Administration schedules five rounds of payments each month for over 70 million beneficiaries.
SSA organizes pay dates by program and beneficiary birthdate, ensuring timely monthly benefits.
OASDI beneficiaries who claimed benefits before May 1997 receive payments on the third day of each month.
SSI recipients typically get payments on the first day of the month, with five rounds of payments scheduled.
In August, some OASDI payments will be rescheduled due to weekends. For example, payments due on August 3rd will be made on August 2nd.
An extra SSI payment will be made on August 30th, resulting in six payment rounds instead of five.