One of the ways to receive Social Security income in a timely manner is through electronic deposit. Because Thanksgiving is a federal holiday, we tell you whether or not it affects the payment of retirement income
Thanksgiving 2022 is here and because it is a federal holiday, most United States employees will take it off, which implies that there are changes in some calendars, such as the case of payments that allocated to retirees by the Social Security Administration (SSA).
The good news is that SSA benefits will not be affected by the holiday, since the agency generally makes its payments on Wednesday of each week, and since Thanksgiving falls on a Thursday, then it would not have why there is no impact on the money that retirees receive in the month of November.
It must be remembered that the day the benefits of retirees are paid will depend on the date of birth of each beneficiary. Social Security claimants are generally paid on or after the second Wednesday of the month, if their date of birth was between the 1st and 10th of the month.
On the third Wednesday of the month those who were born between the 11th and 20th of each month receive their money. And on the fourth month of the month those who were born on dates after the 20th of each month will receive their money.
If any of these payment dates fall on a day that is a federal holiday or, alternatively, on a weekend, you can receive payment for that month on the day of the week that precedes this event.
If what you want is to receive your benefits in a timely manner, then it is best to switch to an electronic payment method to ensure that the benefits arrive in a timely manner.
Under federal law, all benefit payments, including those from Social Security and Supplemental Security Income, must be made electronically. In this sense, there are some retirees who still receive payments in a paper check: what they should do is change the option to electronic payment with direct deposit.