Millions of Supplemental Security Income (SSI) recipients will get two payments in September, but this is due to the calendar — it is not a bonus payment. Social Security was created in 1935 to pay retired workers age 65 or older a continuing income after retirement. Currently, 1 in 5 Americans receives a Social Security benefit from the U.S. Social Security Administration (SSA). Typically, these are set payments that come like clockwork each month. But VERIFY viewer Tom wants to know whether Social Security recipients will get a bonus payment next month. THE QUESTIONWill Social Security recipients receive a bonus payment in September? THE SOURCESTHE ANSWER No, Social Security recipients will not receive a bonus payment in September. Millions of Supplemental Security Income (SSI) recipients will receive two payments in September, but it is not an extra payment. Instead, the second deposit is just the October payment a day early. WHAT WE FOUNDSocial Security payments are sent out on a strict schedule. Most retirees get their payments on the second, third or fourth Wednesday of each month, depending on their birth date. But AARP says people who receive Supplemental Security Income (SSI), such as those who are blind, disabled, or at least 65 years old with very limited financial resources, typically get their payments on the first of the month. This can be a problem if the first falls on a weekend or federal holiday when banks are closed, like it does on Saturday, Oct. 1, 2022. To combat this issue, SSI payments are sent out the next earliest business day. So this year, SSI recipients will get paid on Sept. 1 and Sept. 30. However, this is not a bonus payment for the month of September – SSI recipients are just getting their October payment one day earlier. Earlier this year, SSI recipients received two payments in April. They are also set to receive two payments in December. The same schedule adjustment also applies to other Social Security payments if the date falls on a holiday, AARP says. The VERIFY team works to separate fact from fiction so that you can understand what is true and false. Please consider subscribing to our daily newsletter, text alerts and our YouTube channel. You can also follow us on Snapchat, Twitter, Instagram, Facebook and TikTok. Learn More » Follow UsWant something VERIFIED?Text: 202-410-8808
While it is unlikely that the general public will get a fourth stimulus check, an influential, non-partisan group that lobbies on behalf of senior citizens is trying to persuade Congress to send a $1,400 check to Social Security recipients so they can battle inflation.Jenny Kane | AP Photo By
While it is unlikely that the general public will get a fourth stimulus check, an influential, non-partisan group that lobbies on behalf of senior citizens is trying to persuade Congress to send a $1,400 check to Social Security recipients so they can battle inflation. The Senior Citizens League sent a letter to members of Congress in the House and Senate, urging them to consider a targeted stimulus towards senior citizens. “We’ve heard from thousands of them [seniors] who have exhausted their retirement savings, who have started eating just one meal a day, started cutting their pills in half because they can’t afford their prescription drugs, to list just a few of the drastic steps so many have had to take because of what inflation has done to them this year,” the letter reads. “Many have written to us that ‘our government has forgotten about us.’” RELATED: Join our free virtual event to learn about navigating Medicare in 2022 In 2022, Social Security checks will have one of the largest cost-of-living adjustments in years, with increases of more than 6%. However, the Senior Citizens League says that will not be enough because the adjustment would bump up some seniors into higher tax brackets. This could also lead to surcharges for their Medicare Part B premiums, according to Fortune. The group says a special stimulus for Social Security recipients could offset charges such as healthcare premiums and higher taxes. For the current year, Social Security benefits only went up 1.3%. Senior citizens are not the only ones hoping for a fourth stimulus check though. More than 2.9 million people have signed a Change.org petition “calling on Congress to support families with a $2,000 payment for adults and a $1,000 payment for kids immediately, and continuing regular checks for the duration of the crisis.” The Biden administration has squashed talks of a fourth stimulus check, however, instead choosing to focus efforts on the enhanced Child Tax Credit and The American Rescue Plan. Related stories about the stimulus: Stimulus update: More checks being sent to some people; here’s who gets money Stimulus update: $2,000 monthly checks? Petition grows closer to milestone number of signatures $1,000 bonus checks are being sent to some people; here’s who gets them Stimulus update: These states are giving extra relief money to residents Our journalism needs your support. Please subscribe today to NJ.com Katherine Rodriguez can be reached at . Have a tip? Tell us at nj.com/tips. If you purchase a product or register for an account through one of the links on our site, we may receive compensation. |
Will social security recipients receive a fourth stimulus check
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