The Social Security Administration is preparing to send another round of monthly benefit payments, with eligible recipients scheduled to receive funds on May 13.
The payment group includes retirees, disabled workers, and survivor beneficiaries enrolled in the program under the SSA’s standard staggered schedule.
Social Security payments are generally issued on Wednesdays throughout the month, with the distribution date tied to a recipient’s birth date. Under the system outlined by the SSA, beneficiaries born between the 11th and 20th of the month are scheduled to receive payments on the third Wednesday of the month, which falls on May 20 this year. Those born between the 21st and 31st are expected to receive benefits on May 27.
Earlier payments for May have already been distributed to other groups of recipients. Supplemental Security Income recipients received their monthly payments on May 1, which was the first business day of the month. Meanwhile, beneficiaries who began collecting Social Security prior to May 1997, as well as individuals who receive both Social Security and SSI, were scheduled to receive Social Security payments on May 3.
The annual COLA impacts nearly 70 million Social Security beneficiaries and Supplemental Security Income recipients. The adjustment is calculated using the Consumer Price Index for Urban Wage Earners and Clerical Workers, commonly referred to as CPI-W.
