The Social Security Administration (SSA) has confirmed the exact shipping dates for increased social security payments of $1,800 and above, which will be issued in March 2023. Since 1940, the Social Security Administration (SSA) has been issuing monthly checks to retired workers, as well as distributing funds to individuals receiving Supplemental Security Income (SSI), disability, and survivor benefits on a monthly basis.
In 2022, the SSA announced an 8.7% increase in the cost of living adjustment (COLA), which resulted in higher Social Security payments for 2023. The SSA has already disbursed payments for January and February, and is currently in the process of distributing benefits for March. The Social Security Administration (SSA) disburses payments to retirees on the second Wednesday of the month if their date of birth falls between the 1st and 10th of the month, on the third Wednesday for those born between the 11th and 20th, and on the fourth Wednesday for those born between the 21st and 31st.
In 2023, individuals can expect to receive Social Security payments
The Social Security Administration (SSA) has announced that in 2023, the average retiree payment will increase to approximately $1,827 due to the COLA increase. SSI recipients can expect a median payment of around $656. However, it’s important to note that these figures are only rough estimates. The SSA calculates benefits for each individual based on their Primary Insurance Amount (PIA) rather than the current benefit, which is subject to change annually.
Individuals receiving SSI payments can expect to receive their funds on either the first or last day of each month, with payments distributed on the last day of the month if the first day falls on a weekend. Those who began receiving Social Security payments prior to May 1997 will receive their benefits on the third day of each month. For all other Social Security payments, disbursement is determined by the recipient’s date of birth.
Social Securit payments in marc dates
For March, payments were sent on the following dates:
- March 1: SSI recipients
- March 3: Payees who began receiving their payments before May 1997
- Remaining payments for March will be sent on the following dates:
- March 8: Beneficiaries born between the 1st and 10th of the month
- March 15: Beneficiaries born between the 11th and 20th of the month
- March 22: Beneficiaries born between the 21st and 31st of the month
- March 31: SSI recipients
It’s worth noting that in March, two Supplemental Security Income (SSI) payments are sent out: one for the current month and an advance payment for April, due to the fact that the first day of April falls on a Saturday.