Section 1 Short title
This Act may be cited as the “Social Security Benefit Payments Choice Act of 2018”.
Social Security Benefit Payments Choice Act of 2018
A BILL
To amend title II of the Social Security Act to permit individuals to select a monthly benefit payment date.
Sec. 2 Payment date
In general— Section 205 of the Social Security Act (42 U.S.C. 405) is amended by adding at the end the following:
“(v)
“(1) The Commissioner shall permit individuals entitled to monthly insurance benefits under this title (other than individuals concurrently entitled to benefits under this title and title XVI) to select, at the time of application for monthly insurance benefits or during the annual, coordinated election period (as defined in section 1851(e)(3)(B)) for any calendar year, any day of the month as the individual’s monthly payment date.
“(2) At the time an individual selects a monthly payment date as described in paragraph (1), the Commissioner shall ensure that the individual is notified of the effects of such selection, including any effects on the timing of delivery of benefit payments.
“(3) After an individual selects a monthly payment date as described in paragraph (1), the Commissioner shall send a notice to the individual that provides confirmation of the monthly payment date selected, the date of the selection and the manner in which the selection was made, and the 1st month for which the selection takes effect.
“(4) In any month in which the monthly payment date selected by an individual as described in paragraph (1) is a Saturday, Sunday, or Federal holiday, payment shall be made—
“(A) on the 1st day preceding such monthly payment date that is not a Saturday, Sunday, or Federal holiday in any case in which such preceding day occurs during such month; and
“(B) in any other case, on the 1st day following such monthly payment date that is not a Saturday, Sunday, or Federal holiday.”
Effective date— The amendments made by this section shall take effect 1 year after the date of enactment of this Act.