Cyclical payments began in June 1997. Previously, regular monthly
payments were made only on the third of the month (or on the first prior
business day when the third was not a business day). These payments continue to be
made in certain circumstances and are called "cycle 1" payments.
Cycle 2, 3, and 4 payments are made on the second, third, and fourth Wednesdays,
respectively, of each month. Such Wednesday payments generally are made
to people who filed for benefits after May 1997, with the particular
Wednesday dependent on a beneficiary's birthday. Beneficiaries whose
birthdays are on or before the 10th of the month receive their benefits
on the second Wednesday, those born on the 11th through the 20th receive
theirs on the third Wednesday, and the rest receive theirs on the fourth Wednesday.
Cycle 1 payments apply in the case of beneficiaries who filed before June 1997,
and continue to apply (regardless of filing date) to those who are current
recipients of Supplemental Security Income (SSI) benefits or who reside in
a foreign country.