It is estimated that in fiscal year 2000, an average of 6,367,000 recipients will receive monthly cash benefits. During fiscal year 2001, the average number receiving payments is estimated to be 6,441,000 per month. Not included are those persons who receive only State supplementary payments, some of which are administered by the Social Security Administration for the States as part of the SSI program. Consult Appendix IV of the Catalog. This program has no statutory formula.
States also have the option of paying supplements.
The Social Security Administration will administer for a fee under agreements with States both mandatory and optional State supplements. States paying supplements are required by supplemental security income law to maintain either their State supplement expenditures or their payment levels when Federal standards are increased. Accrued benefits are paid in a lump sum unless they exceed a specified amount in which case they are paid in up to three installments at 6 month intervals. Generally, there are no restrictions on the use of benefits received by beneficiaries, although the right to future benefits is not transferable or assignable.