As many of you already know, the final cost of living adjustment for 2022 was announced to be 5.9%, which will provide a boost to benefits that hasn’t been seen in decades. So the question for a lot of people becomes, what day can I expect to receive my paycheck each month? The answer is that it will be entirely based off on your birth date, with a few exceptions. But in general, the payments will be sent out based on the following rules.
If your birthday falls on the 1st through the 10th of the month, you’ll be paid on the second Wednesday of the month. If you were born on the 11th through the 20th of the month, you’ll be paid on the third Wednesday of the month. And last but certainly not least, if you were born after the 20th of the month, you’ll be paid on the fourth Wednesday of the month. The Social Security Administration has released this calendar to help those getting the payments keep up with the date they should be received a direct deposit from the government. In January, Social Security checks, along with Supplemental Security Income (SSI) payments will include a 5.9% increase in benefits from those issued in 2021, the largest cost of living increase in nearly 40 years.
SSI benefits are paid to people with limited income or resources or who are disabled, blind, or age 65 or older. There are some exceptions to the birthday rule. Payments will be sent to you on the 3rd of each month instead of the 1st if you meet any of the following criteria. Number one, you filed for your benefits before May 1st, 1997.Next exception is if you are receiving both Social Security and SSI payments. Another exception is if your Medicare premiums are paid for by the state where you live, and lastly, if you live in a foreign country. As for regular payees, those who receive SSI payments (and do not also receive a Social Security check), will receive those payments normally on the 1st of each month.