(NEXSTAR) — Believe it or not, June is already upon us. While the month will likely bring some of the warmest weather we’ve seen all year (summer technically starts in a few weeks), it likely won’t bring a Social Security payment to your mailbox.
This happens several times throughout the calendar year, especially after a month like May.
Last month, Supplemental Security Income, or SSI, recipients received an extra payment. May is one of three double SSI payment months in 2024, with checks going out on May 1 and May 31.
The only reason a second payment went on May 31st was because of the Social Security Administration’s scheduling rules.
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SSI payments are always issued on the first of the month, unless that day falls on a weekend or holiday. In these cases, payments are sent the day before.
Because June 1 fell on a Saturday, the previous day—Friday, May 31—served as the day June’s payment ended.
If you receive SSI payments and receive one on Friday, your next regular payment will come on July 1. But after just a few months, you will go through this process again.
September 1st falls on a Sunday this year, so this month’s SSI payments will be distributed on Friday, August 30th. There will be no SSI payments in September.
November will also be a two-pay month, with December 1st being a Sunday.
SSI payments will be even more out of order in 2025. The first day of January, February, and March all fall on a holiday or weekend. According to the agency’s payment calendar, January’s benefits will be distributed on December 31, February’s will come a month later and March’s will come on February 28. There will be no payments in March.
Regardless of when SSI payments are sent, recipients will receive their full benefits throughout the year.
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If you receive regular Social Security benefits, not SSI, you will be largely unaffected in June. However, if you receive your benefits on the third Wednesday of the month, you will receive them on the previous day instead. The third Wednesday in June falls on June 18, a federally recognized holiday, which means payments will go out a day earlier – Tuesday, June 18.
Last week, the Senior Citizens League released new estimates showing that Social Security’s cost-of-living adjustment, or COLA, is likely to be below 3% in 2025. That would be the lowest increase since the COVID pandemic and below the current annual inflation rate of 3.5%
However, it’s worth noting that the upcoming COLA increase has not yet been decided. It will be officially announced in October and is based on the average inflation rate between July and September compared to the same period a year ago.
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