Time of Payment
RIB payments, like all benefits paid under Title II of the Social Security Act, are generally paid on one of the following days depending on the beneficiary's payment cycle:
- Cycle 1: 3rd day of the month
- Cycle 2: 2nd Wednesday of the month
- Cycle 3: 3rd Wednesday of the month
- Cycle 4: 4th Wednesday of the month
Cycling the benefits onto four different payment days began in 1997 as the result of unequal workloads in the beginning of the month which made it difficult for all beneficiaries to have easy access to the Administration. At this time, over 50 million checks were issued by the Administration within the first three days of the month with an expectation that the workload would be over 70 million within the first three days by 2020 with the baby boomers retired.
Beneficiaries who are already receiving benefits on the 3rd of the month continue receiving them on that date, unless they volunteer for cycling. New beneficiaries who were born between the 1st and 10th of the month are in Payment Cycle 2; those born between the 11th and 20th are in Payment Cycle 3; and those born later in the month are in Payment Cycle 4. However, certain individuals will still be placed into Payment Cycle 1:
- Beneficiaries who receive Supplemental Security Income (SSI)
- Beneficiaries whose income is deemed, in part, to an SSI recipient
- Beneficiaries for whom the State pays their Medicare premiums through the Qualified Medicare Beneficiaries program
- Beneficiaries who become entitled on a new record and who were receiving benefits on the 3rd of the month on another record, without a break in entitlement
- Beneficiaries who receive any payments from the Railroad Retirement Board, and
- Beneficiaries whose checks are garnished by court-ordered child support, alimony, or tax levy
Title II payments a beneficiary is entitled to for any given month will be paid in the following month. (ex. if a beneficiary is entitled to a payment in August, they will receive that payment in September)
Read more about this topic: Retirement Insurance Benefits
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