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Special Double SSI Payments in December: Enhanced Benefits for Recipients
Residents on Supplemental Security Income to Receive Two Payments This Month, With an Increase in Benefits.
Morristown, NJ – Residents of Morris County who are beneficiaries of Supplemental Security Income (SSI) have a unique financial event to look forward to this December. In a rare occurrence, they will receive two separate SSI payments, with the latter reflecting an increased amount due to a cost-of-living adjustment.
The Social Security Administration (SSA) has announced that SSI payments, usually disbursed on the first of each month, were issued as scheduled on December 1st. However, beneficiaries can anticipate an additional payment on December 29th. This second payment is not just a bonus; it's a sign of things to come in 2024, as it includes an automatic cost-of-living increase.
December's double payment is a result of the scheduling policy of the SSA, which advances payments when the usual disbursement date falls on a weekend or a federal holiday. However, this means that there will be no SSI payment in January.
The initial payment this month saw individuals receiving a maximum of $914, and couples $1,371. But the December 29th payment will be larger. Individuals can expect up to $943, and couples up to $1,415. These increased amounts preview the enhanced benefits set for 2024 due to the cost-of-living adjustment.
It's important to note that these figures represent federal payment maximums. In New Jersey, where state contributions augment federal SSI benefits, actual payments could be higher.
This change affects approximately 7.5 million Americans, many of whom are individuals with disabilities. To provide clarity and assistance, the Social Security Administration has begun sending out notices earlier this month. These communications detail the revised payment amounts for 2024. Beneficiaries are also encouraged to check their accounts on the SSA website for precise information about their payment schedules and amounts.
As the community adapts to these changes, it's crucial to remain informed and prepared for the altered payment schedule, particularly the gap in January. This development signifies a significant shift in financial planning for many Morristown residents reliant on SSI benefits.
