Understanding Social Security’s Payment Schedules

One of the most frequent questions we receive in our Social Security Advisory Service is “When will I receive my payment?” As is the case in most questions we receive, the answer begins with “it depends.” If your benefit is a standard Retirement, Survivors and Disability Income (RSDI) benefit, then the answer depends on your birth date, and is based on the following rule: If you were born on the 1st through the 10th of the month, your payment is made on the second Wednesday; if you were born on the 11th through the 20th, then your payment is made on the third Wednesday; and if you were born on the 21st through the 31st, then your payment is made on the fourth Wednesday.

From SSA.gov: “If the Wednesday regularly scheduled for payment delivery falls on a Federal legal holiday, benefits will be paid on the first preceding day that is not a Federal legal holiday. If your payment is a Supplemental Security Income (SSI) payment, benefits are paid on the 1st of the month. If the 1st falls on the weekend then the payments will be issued the Friday before the 1st.”

Also from SSA.gov: “Beneficiaries entitled to benefits prior to May 1997 received recurring RSDI benefits on the 3rd of the month and continue to be paid on the 3rd of the month.”

Important Note: The payment schedule described above can be affected by individual banking arrangements you may have, as well as by your financial institution’s operating hours, operating schedules, and holiday schedules.

A complete full-year schedule of Social Security payments can be obtained here: https://www.ssa.gov/pubs/calendar.htm.



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