Social Security Announces New Payment To Retirees On Sept. 11 – New Check If You’re On This List

The Social Security Administration (SSA), responsible for distributing monthly benefits under programs like Retirement, Survivors, and Disability Insurance (RSDI) and Supplemental Security Income (SSI), has confirmed that new payments will be sent out on Wednesday, September 11, 2024.

To qualify for these payments, beneficiaries must have met all eligibility requirements, including reaching full retirement age, having a sufficient work history, and making Social Security contributions according to SSA guidelines.

Upcoming Social Security Payments for Retirees

Understanding the Social Security payment schedule is critical for beneficiaries, particularly retirees and those relying on these benefits to cover living expenses.

This is especially important for low-income seniors and disabled individuals who depend on the Supplemental Security Income (SSI) program to help prevent poverty.

The SSA sends millions of monthly payments to beneficiaries of both SSI and RSDI programs, with over 71 million people receiving benefits across the United States.

The SSA organizes its payments according to a well-structured schedule to ensure timely delivery. Payments are distributed in five rounds each month:

1. First of the Month: Payments to SSI beneficiaries.
2. Third of the Month: RSDI beneficiaries who began receiving benefits before May 1997.
3. Second Wednesday: Beneficiaries born between the 1st and the 10th.
4. Third Wednesday: Beneficiaries born between the 11th and the 20th.
5. Fourth Wednesday: Beneficiaries born between the 21st and the 31st.

This means that for September 2024, RSDI beneficiaries will receive their payments on September 11th, 18th, and 25th.

If your payment does not arrive on the expected date, the SSA advises waiting at least three mailing days before contacting their customer service.

How Much Will Social Security Recipients Receive in September?

The amount of Social Security benefits that a recipient receives each month depends on several factors, including their work history, Social Security contributions, and the age at which they begin collecting benefits. Here’s a breakdown of what beneficiaries can expect:

• Retired Workers: Those who have earned 40 work credits and paid the required Social Security contributions for at least 10 years are eligible for payments. If a person retires before reaching full retirement age (FRA), currently set at 67, they could receive up to $1,900 per month. Retiring at full retirement age can increase the monthly benefit, while delaying retirement until age 70 results in the maximum benefit.
• Full Retirement Age: A retiree who waits until age 67 to begin collecting benefits could receive up to $3,822 per month, depending on their earnings history and Social Security contributions.
• Maximum Benefit at Age 70: Retirees who delay collecting Social Security until age 70 and have paid into the system based on the highest taxable earnings over 35 years could receive a maximum monthly benefit of $4,873.
• Social Security Disability Insurance (SSDI): SSDI beneficiaries receive an average of $1,537 per month. However, those who contributed based on the maximum taxable earnings before becoming disabled can receive up to $3,822. Additionally, individuals who meet the SSA’s blindness criteria under the SSDI program receive $2,590 per month.

Delaying Retirement for Higher Benefits

Retiring at or after full retirement age is a key factor in determining how much you will receive each month. For example, delaying retirement beyond age 67 can significantly increase your monthly benefit.

By waiting until age 70, retirees can receive the maximum Social Security payout available to them, which can provide crucial financial support in the later years of life. However, deciding when to start receiving Social Security benefits depends on individual financial circumstances and needs.

The SSA’s structured payment schedule ensures that retirees, survivors, and disabled individuals receive their benefits on time.

For those waiting on their September 2024 payments, the dates to watch are September 11th, 18th, and 25th, depending on the beneficiary’s birth date. The amount received will vary based on work history, retirement age, and Social Security contributions, with maximum benefits going to those who delay retirement until age 70.

For many retirees and disabled individuals, these payments are essential for covering day-to-day living expenses, and staying informed about the Social Security payment schedule is crucial for financial planning.

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