Title II payments are scheduled for delivery on the third day of the month following
the month for which they are due and, as a result of payment cycling, the second,
third, and fourth Wednesdays of the month. If the scheduled delivery day is a legal
holiday (a non-banking day) then payments are dated and delivered on the last business
day preceding the scheduled payment delivery date. See GN 02407.005 for information
on payment cycling.
Title XVI recurring payments are scheduled for delivery on the first day of the month
for which they are due. However, when the first day is a Saturday, Sunday, or a legal
holiday (non-banking days) then payments are dated and delivered on the last business
day preceding the regular payment day. See SM 01315.005 for a table of early payment
delivery dates.
Example: SSI payments for May 1, 2016, which fell on a Sunday, were dated and delivered
on Friday, April 29, 2016.