Beneficiaries waiting for the second round of March's double Supplemental Security Income payments will need to wait four more weeks until the funds, worth $914 for individual recipients, are released.
The second installment of March's double payments will be released on March 31 and will take the place of the April 1 payment, which falls on a Saturday this year. Both checks are worth $914, making the total for March $1,828 for individual recipients.
Couples will also receive double payments in March, with each disbursement worth $1,371. Essential persons, who are people living with someone receiving SSI and providing them with necessary care, will get a double payment of $458 each in March.
Supplemental payments normally occur once a month, but in months when the first is on a holiday or weekend, the Social Security Administration releases the checks on the previous business day to ensure recipients have the check by the first, per the agency. This makes sure that all recipients receive 12 payments every year.
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Because of this quirk in the scheduling, there are three months this year in which recipients won't receive any checks but will receive two checks in the month before. The months with two checks are June, September, and December. This is because the first of the month falls on a weekend in July and October, and Jan. 1, 2024, is a national holiday.
SSI payments were first issued by the SSA in January 1974, with rates increasing for cost-of-living adjustments since 1975, according to the agency.