Overview

• The third and final wave of February Social Security retirement payments will be issued today to recipients born between the 21st and 31st of their birth month.
• Social Security retirement payments are distributed in three waves each month based on recipients' birth dates, with February's first two waves sent on February 12 and 19.
• March Supplemental Security Income (SSI) payments, typically issued on the first of the month, will instead be sent on February 28 because March 1 falls on a Saturday.
• SSI benefits assist individuals with disabilities or limited resources, with payments capped at $967 for individuals, $1,450 for couples, and $484 for essential caregivers.
• The Social Security Administration adjusts its payment schedule when the first of the month falls on a weekend or federal holiday to ensure timely distribution.