An SVB payment is considered made when SSA certifies payment to the Treasury Department
(TD). A payment is not considered to be made if the payment is returned to SSA.
Regular monthly SVB payments are dated the 2nd day of the month for which the payment
is due. When the first day of a month falls on a Saturday, Sunday or legal holiday,
the SVB payment for that month will be dated the first preceding day that is not a
Saturday, Sunday or legal holiday. This could result in a payment date preceding the
month for which SVB is payable. When this occurs, the payment will be considered certified
on the first day of the month following the month the payment is actually dated.
EXAMPLE: SVB payment for January 2004 is dated December 31, 2003 (the first day preceding
the January 1 legal holiday that is not a Saturday, Sunday or legal holiday). Although
SSA certified payments to the TD in December, payments are considered paid on January