The Social Security Administration (SSA) has announced a new payment scheduled for Wednesday, September 11th for retirees who have met all the requirements. These requirements include reaching full retirement age, having a qualifying work history, and making the necessary Social Security contributions according to SSA guidelines. It is important for beneficiaries who rely on these monthly benefits to cover living expenses to understand how the payment system works.
This is especially critical for low-income seniors and disabled individuals from the Supplemental Security Income program. The SSA makes millions of Social Security payments each month to qualified beneficiaries across the United States. They have established an annual payment schedule to ensure that retirees, survivors, disabled workers, and SSI beneficiaries receive their benefits on time.
There are approximately 71 million beneficiaries in the country. According to the payment schedule, SSA sends five rounds of payments throughout the month. SSI beneficiaries receive their payments on the first day of the month, followed by RSDI beneficiaries who collected benefits before May 1997 on the 3rd of the month.
After these initial payments, the SSA distributes payments on the second, third, and fourth Wednesdays to RSDI beneficiaries who claimed benefits after May 1997. The payment schedule is further segmented by beneficiaries’ birth dates:
– The second Wednesday: Beneficiaries born between the 1st and the 10th. – The third Wednesday: Beneficiaries born between the 11th and the 20th.
New social security payment schedule
– The fourth Wednesday: Beneficiaries born between the 21st and the 31st. Based on this system, RSDI recipients will receive their payments on September 11th, 18th, and 25th.
If a monthly check doesn’t arrive on time, beneficiaries are advised to wait at least three mailing days before reporting a delay. Every year, the SSA calculates varying monthly payment amounts based on several factors, including a beneficiary’s employment history and contributions made while working. Retired workers can receive monthly payments of up to $1,900 if they have earned 40 work credits, made all required contributions for at least ten years, and claimed benefits before reaching full retirement age (FRA).
Retirees can increase their monthly Social Security benefits by delaying retirement. By waiting until full retirement age, currently 67, or delaying benefits until age 70, the monthly benefits increase:
– A retired worker who paid the average monthly contribution and waited until age 67 could receive up to $3,822. – A retiree who waited until age 70 and paid benefits based on the highest taxable earnings for the preceding 35 years could receive a maximum monthly benefit of $4,873.
Beneficiaries from the Social Security Disability Insurance (SSDI) program receive an average of $1,537 per month. Those who made contributions based on the maximum taxable earnings before becoming disabled can receive up to $3,822. Additionally, the SSDI program provides $2,590 monthly checks for recipients who meet the blindness conditions outlined by the SSA.
The revised payment schedule underscores SSA’s commitment to ensuring timely and consistent delivery of benefits to millions of Americans who rely on this support for their daily living expenses.
- LaGradaOnline.”Social Security announces new payment to retirees on Sept. 11 – New check if you’re on this list”.
- Newsweek.”Millions of Social Security Beneficiaries See Payment Schedule Change”.
- CBSNews.”Some Social Security recipients won’t get benefit checks in September. Here’s why.”.