Ask Larry

Am I Correct That My Payday WIll Now Be On Different Dates Over The Year?

Am I correct in the fact my payday will now be on different dates over the year? I have always set them up 2-3 days after my _REGULAR_ date....now as this is all I have, I see many issues that can only be bad...one unexpected payment can now make me default...I always pay autopays first to stop this from happening.....budgeting alone will not solve this for many people....your thoughts please ty

Hi. I don't know if your payment date will be changing, but we've received several questions similar to yours. All I can tell you is that the Social Security regulations that govern payment dates haven't changed since 1997. Based on those regulations, most people are now paid either on the 2nd Wednesday of the month, or the 3rd or 4th Wednesday depending on their day of birth (https://www.ssa.gov/kc/rp_paybenefits.htm). The only people who should still be receiving their benefit payments on the 3rd day of the month are people who were already receiving benefits prior to May 1997, or beneficiaries who are living outside of the country, or people who are eligible for Supplemental Security Income (SSI).

Therefore, I don't know of any reason why your normal payment date would change unless you've been receiving your payments on the wrong day of the month. If you've received a notice from Social Security regarding your payment date, then you'll need to contact them for an explanation.

Best, Jerry

Category: 
Posted: 
Nov 22 2021 - 1:17pm
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