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Calendar quirks to blame for extra SSI checks this November, February: Here's why

^{Published on 2024-11-28 07:11:23 - Phil Bruner, N@N}
 

• Supplemental Security Income recipients will receive an extra check on Friday, November 29, due to calendar quirks that will continue through 2025.

The article from MSN Money discusses the unusual occurrence of extra Supplemental Security Income (SSI) payments in November 2023 and February 2024 due to calendar quirks. Typically, SSI payments are issued on the first of each month, but when the first falls on a weekend or holiday, the payment is moved to the last business day of the previous month. This shift results in beneficiaries receiving two payments in November 2023 because December 1st is a weekend, and similarly, two payments in February 2024 because March 1st is also a weekend. This adjustment does not increase the total annual amount received but changes the distribution schedule, potentially affecting budgeting for recipients. The article also notes that this phenomenon happens periodically due to the calendar's alignment with payment dates.

Read the Full MSN Article at [ https://www.msn.com/en-us/money/retirement/calendar-quirks-to-blame-for-extra-ssi-checks-this-november-february-here-s-why/ar-AA1uSSZg ]

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