Last Social Security Check of the Month: Key Dates for Retirees

According to Vibes.okdiario, With only one week left in September, the Social Security Administration (SSA) is working diligently to ensure that every Social Security payment is delivered on time to seniors and other participants in their programs. For many, receiving a Social Security payment is a lifelong effort, often serving as the primary source of financial support during challenging economic times. Knowing when to expect these funds is crucial for managing expenses and ensuring bills are paid on time.

When Will You Receive Your Social Security Payment?

The Social Security Administration issues payments almost every week of the year. To help you understand when you can expect your money, they have developed a general set of guidelines and an annual payment schedule available on their website. It may be helpful to print this schedule and keep it in a convenient place at home. However, be cautious of the color and symbol scheme, which can sometimes be confusing, leading to costly mistakes.

Payment Guidelines Based on Your Benefits

The SSA divides its beneficiaries into two groups based on when they began receiving benefits:

• Before May 1997
• After May 1997

These guidelines determine when payments will be issued:

• Supplemental Security Income (SSI): Payments are sent on the first of each month.
• Retirement Insurance, Disability Insurance, and Survivors Benefits: The payment date is determined by the beneficiary’s birth date:
  • Second Wednesday of the month: For those born between the 1st and 10th.
  • Third Wednesday of the month: For those born between the 11th and 20th.
  • Fourth Wednesday of the month: For those born between the 21st and 31st.

For instance, this week, beneficiaries of the Retirement, Survivors, and Disability Insurance (RSDI) program with birth dates from the 21st to the 31st will receive their payments, scheduled to arrive on Wednesday, September 25th.

Also read: New SNAP Benefit Updates: Food Stamp Payments Reaching Up to $3,516 in Just 11 Days!

How Can You Receive Your Social Security Payment?

Since SSA benefits are not combined, it’s essential to understand the eligibility requirements for each program:

Eligibility Requirements

Retirement Insurance:

• • You must be at least 62 years old.
  • You must have paid Social Security taxes for a minimum of 10 years.

Disability Insurance:

• • You must be medically declared disabled or blind.
  • You need to have contributed to Social Security taxes for at least 5 of the past 10 years (this criterion may differ if you are 24 years old or younger). Visit the SSA website for more information.

Survivors Program:

• • You must be the spouse, child, or economically dependent parent of the deceased worker.

Supplemental Security Income (SSI):

• • You must be 65 years or older, earn less than $1,971 per month, and have less than $2,000 in assets.

How Much Can You Expect from Your Social Security Payment?

There is no standard amount for Social Security payments across each program; however, the SSA does have a maximum and average amount that beneficiaries can receive.

Program	Average Amount (August 2024)	Maximum Amount
Retirement Insurance	$ 1,872.09	$4,873
Disability Insurance	$ 1,402.69	$3,822
Survivors	$ 1,509.36	150% to 180% of the worker’s benefit.
SSI	$ 698.51	$943