Thursday, February 29, 2024

Who received $943 from Social Security on February 1?

Every month, the Social Security Administration (SSA) issues millions in payments to Social Security Program beneficiaries. The recipients are, for the most part, retired workers. However, some people may qualify for disability benefits. Generally, these individuals belong to the Supplemental Security Income (SSI) category.

SSI benefits are intended for low-income adults and children with disabilities or blindness. People age 65 or older may also qualify for payments, even if they exceed the minimum income limit imposed by the SSA.

Social Security amounts

With the 3.2% COLA adjustment, in 2024, the average payment for a retired worker increases from $1,848 to $1,907 per month, and from $2,939 to $3,033 for married couples filing jointly . As for SSI beneficiaries, checks increased from $914 to $943 for individuals and from $1,371 to $1,415 for married couples filing jointly.

Retired workers will receive insurance payments on Wednesday, based on their date of birth. Those born from 1 to 10 will receive the check on the second Wednesday of the month. Those with a date of birth from the 11th to the 20th, the third Wednesday, and those from the 20th to the 31st, the last. Employees who retired before May 1997, as well as SSI beneficiaries, do not fall under the previous method because they will receive the money on the first days of the month, regardless of your date of birth.

You may also be interested in: Double Social Security payment in the first week of February: who will get it?

Who will receive up to $943 from Social Security on February 1?

Taking into account the payment schedule, as well as individual amounts with increases, people who receive an average check of up to $943 dollars next February 1 will be SSI beneficiaries. As for the rest, the payment schedule for February is as follows:

  • Thursday, February 1: SSI beneficiaries
  • Friday, February 2: Beneficiaries who retired before May 1997
  • Wednesday, February 14: Beneficiaries with date of birth from 1 to 10
  • Wednesday, February 21: Beneficiaries with birth date from 11 to 20
  • Wednesday, February 28: Beneficiaries with a date of birth between 21 and 31

World Nation News Desk
World Nation News Deskhttps://worldnationnews.com/
World Nation News is a digital news portal website. Which provides important and latest breaking news updates to our audience in an effective and efficient ways, like world’s top stories, entertainment, sports, technology and much more news.
Latest news
Related news