Supplemental Security Income payment: $841 monthly check to be sent to millions in just three days
Couples eligible for SSI will receive their Payments $1,261 on November 1. Essential people, or those who live with people receiving SSI and provide them with necessary care, will receive payments of $421 early next month.
SSI payments were first issued to eligible individuals and couples by the Social Security Administration in January 1974. To combat year-over-year inflation, the payment amount was increased for adjustments to the cost of living since 1975, by the agency.
The Social Security Administration issues SSI payments on the first of each month, but when that day falls on a holiday or weekend, payments are issued on the last weekday before the first of the following month. according the agency. Scheduling quirks are occurring for January, May and October payments this year, and recipients will receive two of their monthly payments in the same calendar month.
Some estimates saying that Social Security insolvency will happen in 2034 at the earliest, unless Congress acts.