Social Security Reveals Major Change to November Payments – Official Announcement

Every month, the Social Security Administration makes five rounds of payments to over 71 million Retirement, Survivors, and Disability Insurance (RSDI) claimants and SSI recipients. However, the federal agency indicated that in November, there will be a slight change to the regular payment schedule, with SSI recipients receiving an additional payment on Friday, November 29. The rationale for this supplementary payment is that December 1 falls on a weekend, and when that happens, SSA pushes the payment date to the previous working day. Aside from the SSI payment shift, RSDI beneficiaries who sought payments before May 1997 will receive them two days earlier, as November 3rd falls on a Sunday. As a result, they will receive their monthly benefits on Friday, November 1st.

Social Security announces a substantial adjustment in November payments

Keep in mind that in November, only low-income seniors over the age of 65, disabled people, and children in particular socioeconomic situations are eligible for SSI benefits. Furthermore, applicants must meet income and resource restrictions, which are currently set at $2,000 per individual and $3,000 for couples. Because SSI is a monthly benefit for those who are struggling financially, the Social Security Administration does not pay these benefits based on the beneficiary’s date of birth or the day they initially claimed for benefits; instead, all SSI recipients are paid on the same day. Following the Social Security payment schedule, here are the verified payment dates for the remainder of the year:

• Friday, August 30 (SSI benefits from September 1st)
• Tuesday, October 1st
• Friday, November 1st
• Friday, November 29 (SSI benefits from December 1st)

Which beneficiaries are eligible for Social Security benefits through the SSI program?

Since 1935, the Social Security Administration has paid monthly benefits to millions of Americans and residents, allowing them to meet their living expenses and save for retirement. Following a series of eligibility standards, the SSA determines which recipients are eligible for benefits. The federal agency then calculates a monthly payment amount for each recipient based on their circumstances, full retirement age, work history, kind of disability, and Social Security contributions. The quantity of benefits received by SSI beneficiaries is determined by their resources, income, and the category in which they apply.

All of these characteristics assist the Social Security Administration assess eligibility and the exact amount each beneficiary can receive each month. For example, all SSI users who apply alone and meet the qualifying standards might get up to $943 per month, while couples could earn up to $1,415 per month. Individuals who qualify or meet the Essential Persons (EP) standards may get an additional payment of $472. Beneficiaries of this program should be aware that the purpose of these benefits is to provide basic subsistence to persons who have contributed to the Social Security system while working.

On the other side, the retirement, survivor, and disability insurance (RSDI) program pays monthly payments ranging from $1,505 to $4,873. To be eligible for these benefits, individuals must have reached full retirement age, have a suitable work history, and have contributed sufficiently to the system through Social Security. The government agency will determine various payment amounts for all beneficiaries based on the following criteria:

If you want to get the highest possible payment amounts, keep in mind that you must first complete tough standards, as not everyone will be able to obtain this monthly amount. As a result, we recommend that you speak with a financial counselor or an SSA specialist about their situation to increase their prospects of receiving a higher monthly salary, as there are several payment levels for which they may be eligible.