Social Security beneficiaries in the United States can expect their February payments to be dispersed in two rounds. The first round includes checks to retired individuals, surviving family members, and recipients of Social Security Disability Insurance (SSDI) and Supplemental Security Income (SSI) programs. The Social Security Administration has a payment schedule in place for beneficiaries to know when their payments will be sent out. For example, Supplemental Security Income payments are sent on the first day of each month.
Retirees who began receiving payments before May 1997 receive their money on the third day of each month. For those receiving both Social Security benefits and SSI, the SSI payment is sent on the first day of the month and the Social Security payment is sent on the third. The remaining Social Security checks are sent on Wednesdays, depending on the date of birth of the beneficiaries.
If any payment date falls on a Saturday, Sunday, or federal holiday, the payment is advanced to the preceding business day. For February, SSI recipients will receive their payment on Thursday, February 1, while retirees who began receiving their payments before May 1997 will receive their payment on Friday, February 2. The rest of the payments will be sent on the second, third, and fourth Wednesdays of the month, with payments going out via direct deposit or mail in a paper check.
It’s important for beneficiaries to note that if they don’t receive their payment on time, they should wait three days before contacting the SSA. This year, average payments for retired workers rose to just over $1,900, according to the SSA, while SSI benefits have risen to $943 for individuals and $1,415 for couples.
Understanding the payment schedule and ensuring that all details are correct is crucial for Social Security beneficiaries, as it can help them effectively manage their finances and plan for their future expenses.