In September 2024, retirees receiving Social Security benefits will see three payment dates based on their birthdates and the timing of when they first began receiving benefits.
However, not all retirees will be eligible for these September payments.
This article will explain who qualifies for the upcoming payments, the specific payment dates, and what to expect regarding direct deposit or check amounts.
Eligibility for September’s Social Security Payments
Key Eligibility Date: May 1997
If you began receiving Social Security retirement benefits before May 1997, you are not eligible for the three upcoming payments in September 2024. Instead, your next payment will be issued on October 3, 2024.
This is because the Social Security Administration (SSA) has a different payment schedule for those who started receiving benefits before this date.
Who Is Eligible?
Retirees who began collecting Social Security after April 30, 1997, are eligible for the three payments in September. Additionally, those who receive Supplemental Security Income (SSI) alongside their retirement benefits are not eligible for the three September payments and will follow a different schedule.
September Payment Dates
The specific payment date you receive your Social Security benefits in September depends on your birthdate:
- September 11, 2024: For retirees whose birthdate falls between the 1st and 10th of any month.
- September 18, 2024: For those born between the 11th and 20th.
- September 25, 2024: For retirees born between the 21st and 31st.
Important Note:
If you started receiving benefits before May 1997, you will not receive a payment on these dates. Your next payment will be made on October 3, 2024. However, there will be an adjustment in November, where your payment may be received in advance.
Social Security Payment Amounts for September
The Social Security Administration reported that the average retirement benefit for September 2024 is approximately $1,919. However, this amount can vary significantly depending on your earnings history and when you started collecting benefits.
- High Earners: If you earned the taxable maximum for 35 years and waited until age 70 to file, you could receive up to $4,873 per month.
- Low-Income Seniors: Those with lower lifetime earnings may also qualify for Supplemental Security Income (SSI), which provides additional financial support. For October 1, 2024, SSI recipients can receive up to $943.
September 2024 brings multiple Social Security payments for eligible retirees, depending on their birthdate and when they first began receiving benefits.
If you started collecting Social Security after April 30, 1997, you could expect your payment on one of the three Wednesdays in September. However, those who began receiving benefits before May 1997 will see their next payment on October 3, 2024.
It’s important to understand these schedules and amounts to manage your finances effectively. For more details or updates, always refer to the official SSA website or contact their offices directly.
FAQs
When will I receive my Social Security payment if I started benefits before May 1997?
You will receive your next payment on October 3, 2024.
What are the September payment dates for Social Security in 2024?
September 11, 18, and 25, depending on your birthdate.
What is the average Social Security retirement benefit for September 2024?
The average benefit is around $1,919.
Can I receive both Social Security and SSI in September?
No, if you receive both, you follow a different payment schedule.
How much can high earners receive in Social Security benefits?
High earners can receive up to $4,873 per month if they meet certain criteria.
