Ask Larry

How Can I Pay My Bills If My Payment Date Changes?

I usually get my deposit on the 4th of every month. This is my only income and all my bills are due the first or fifth of the month. Now you are telling me I won't get my deposit until the fourth wednesday of the month. How can I pay my rent and monthly bills. I am 75 yrs with lots of health problems..I can barley make ends meet now and can't afford late fees.. Whoever made this decision did not take into consideration everyone is not rich. This needs to stay as it is.

Hi. I'm certainly not telling you that your payment date will change. I don't know if your payment date will be changing. What I've told everyone who's asked about this issue is that Social Security's laws governing which day of the month that a person is paid on haven't changed since the 1990s.

Starting with 1997, the only people who should be receiving their payments on the 3rd day of the month are people who either a) applied for benefits prior to April 30 1997, or b) receive Supplemental Security Income (SSI) payments, or c) reside outside of the U.S. Everyone else should be paid on either the 2nd, 3rd or 4th Wednesday of the month depending on their birthdate, or the birthdate of the person on whose Social Security record they collect benefits (https://faq.ssa.gov/en-us/Topic/article/KA-01957).

If you don't meet one of the exceptions above, then you probably should already have been receiving your payments later in the month. The regulation determining when people are paid their benefits was passed into law by Congress roughly 25 years ago, and only Congress can change that law. If your payment date does change and if you don't meet one of the above exceptions, you'll need to direct your concerns to your representatives in Congress.

Best, Jerry

Category: 
Posted: 
Dec 1 2021 - 4:58pm
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