Social Security update: Direct payment worth $914 arrives in 27 days

Supplemental Security Income beneficiaries will receive their monthly payment for June, worth $914 for individual filers, in just under four weeks.

The monthly payment is disbursed on the first of the month, and May’s disbursement was released Monday. The next check will be released on Thursday, June 1.

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The payments entail different amounts of money going to individual filers, joint filers, and essential persons. Individual filers receive $914, and eligible couples receive $1,371 each month. Essential persons, who live with someone receiving SSI payments and provide them with necessary care, get a monthly payment of $458, according to the Social Security Administration.

Although the payments are often disbursed on the first of each month, there are exceptions for when the first falls on a weekend or a holiday. In those cases, the SSA issues its monthly SSI checks on the last business day before the month begins.

The adjusted schedule means beneficiaries still receive 12 checks per year, even though some months receive two checks and some receive none.

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There are multiple months in which two payments are delivered in the same month this year: March, June, September, and December. This is because the first of the month falls on a weekend in April, July, and October, and the first of January is always a holiday.

SSI payments were first issued by the SSA in January 1974, and payment rates have increased for cost-of-living adjustments since 1975, according to the agency.