Every month, the Social Security Administration disburses millions of payments to its beneficiaries, primarily consisting of retired workers, as well as seniors and disabled individuals of all ages.While the payments are issued on a monthly basis, the specific delivery date varies depending on the beneficiaries’ date of birth. For individuals born between the 1st and 10th of the month, payments are distributed on the second Wednesday of that month.
Those whose birthdays fall between the 11th and 21st receive their payments on the third Wednesday, while beneficiaries born from the 21st to the 31st get theirs on the last Wednesday of the month. As for SSI recipients, the average Social Security monthly payment stands at $650. Individuals can receive up to $914 as the maximum benefit, while couples who file jointly can receive up to $1,371 as their combined maximum benefit.
Updated Supplemental Social Security Income Payment Schedule
The payment schedule for Supplemental Security Income beneficiaries differs from the previous arrangement. They receive their payments during the initial days of each month, independent of their date of birth. Similarly, retired workers who ceased employment before 1997 also have a distinct payment schedule. They receive their monthly checks on the first Wednesday of each month, regardless of their day of birth. These figures are subject to individual circumstances and qualifications.
August 2023 Social Security Payment Schedule: having acquainted yourself with the overall payment schedule, here is the check distribution timetable for August 2023, as outlined by the Social Security Administration:
- August 1: Payments for SSI Recipients
- August 3: Payments for Payees who began receiving their benefits before May 1997
- August 9: Payments for Beneficiaries born between August 1 and 10
- August 16: Payments for Recipients born between 11 and 20
- August 23: Payments for Beneficiaries born between 21 and 31
Social Security: Benefit Amounts
The monthly amount disbursed to retired workers varies based on individual circumstances. On average, according to SSA calculations, the monthly benefit is $1,801, with a maximum annual benefit of $4,555 for the year 2023. Regarding SSI recipients, the mean monthly payout is $650. The upper limit for benefits is $914 for individuals, and for couples filing together, the combined maximum benefit is $1,371.