Social Security Payment Schedule 2019

(Last updated on 10/6/19)

If you are receiving Social Security benefits and would like to know when your money will be deposited into your account each month, you’ve come to the right place. We have included below the Social Security Payment Schedule 2019.

Like we did for 2016, 2017, and 2018, we will first explain how the calendar works, followed by an image of the entire payment schedule. We will also explain how it affects SSDI and SSI recipients.

Social Security Payment Schedule 2019

When you receive your Social Security benefit payments (the date your money is paid into your account) depends on when you started receiving your social security benefits. The image below explains how it works:

If you starting getting benefits before April 30, 1997, your payment comes in consistently on the 3rd of the month. So, if you look at the calendar below, the third of the month is always highlighted for those who fall in this group.

For everyone else, when you get your money deposited into your account depends on your birth date. The earlier your birth date falls in the month, the sooner you will get your money during the month as explained below:

• If your birthday is from the 1st to the 10th, you will receive your payment on the second Wednesday of each month.
• If you were born between the 11th and the 20th, your benefits will arrive on the third Wednesday of the month.
• If your birthday is from the 21st to the end of the month, you’ll receive your benefits payment on the fourth Wednesday of each month.

Supplemental Security Income Payments

For those on Supplemental Security Income, your payment schedule is a bit different. They are usually paid on the first day of the month. However, if that day is a weekend or holiday, then the payment gets moved earlier the business day before.

Social Security Disability Payments

For those on Social Security Disability, the date of your benefit payment is determined by your birthday, and there are 3 brackets.

• If your birthday falls between the 1st and 10th of the month, you’ll receive SSDI benefits on the 2nd Wednesday of every month.
• If your birthday falls between the 11th and 20th of the month, your benefits will come the 3rd Wednesday of every month.
• If your birthday falls between the 21st and the last day of the month, your payments will come on the 4th Wednesday of every month.

Holidays and Weekends Payments

Whether you are receiving Social Security benefit, Disability or Supplemental Security Income payment, if the date of your payment for a particular month happens to fall on a weekend or holiday, then you will receive your payment on the last weekday before the holiday or in the case of a weekend, the Friday before.

Social Security Payment Calendar

Here is the full calendar for your convenience. You can also download a pdf version here, which you can print and keep for quick reference.

2019 Social Security COLA – Largest Since 2013

If you are on Social Security benefits, you have probably come to depend on the annual cost of living adjustments (COLA). The COLA typically results in a small increase in monthly benefit payments for the 43 million Americans on Social Security.

For 2019, early indications suggest that the cost-of-living adjustment should come in between 2.5% and 3%. Let’s say the final COLA for 2019 comes in at 2.8%. With the average monthly Social Security benefit of $1,400, that amounts to an average increase of $39 per month for each recipient.

That will be the largest increase in a while. In 2018, the cost-of-living adjustment increased by 2 percent, In 2017, the cost of living adjustment was just 0.3 percent, while in 2016, it was zero.

Let’s hope the final number for 2019 stays close to 3% as projected.

2019 Social Security Changes

Washington has developed a habit of always wanting to tinker with the Social Security program, under the disguise of making it more efficient and 2019 is no different. The Trump administration’s 2019 budget seeks some major cuts to the Social Security program.

The President’s spending plan calls for deep reductions to Social Security Disability Insurance, breaking his promise not to touch Social Security. It also includes cuts in Medicare, another program he promised not to touch.

Here are the highlights:

The President’s budget calls for benefit cuts for seniors with disabilities, including:

• Putting a limit to the retroactivity of applications for disability benefits from 12 months to six months (This proposal would cut SSDI benefits by an average of $7,000 for beneficiaries);
• A proposal to deny unemployment compensation payments to certain SSDI beneficiaries; and
• Putting a cap on the amount payable to individuals who receive Supplemental Security Income (SSI) while living with other SSI recipients.

Here is the 2020 Social Security Payment Schedule in case you want to look further ahead.

If you have any questions about the Social Security Payment Schedule 2019 or any payment related questions in regards to your Direct Express Debit Card account, please let us know in the comments section below.

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