Upcoming Social Security Payment – Check Your Eligibility Based on Your Birth Date

Many retirees in the United States eagerly anticipate their next Social Security payment, as retirement benefits have become a lifeline for millions. However, not everyone will qualify for the upcoming payment, which is subject to strict eligibility rules set by the Social Security Administration (SSA). Let’s take a closer look at who qualifies and how you can determine if you are eligible for the next payment.

Eligibility

The SSA has outlined specific criteria to determine who receives the next payment. The upcoming payment for retirees will be deposited into recipients’ bank accounts on September 18, 2024. To be eligible for this payment, you must meet certain birthdate requirements:

• If you were born between the 11th and the 20th of any month, you qualify for the payment scheduled for September 18, 2024.
• Those born before the 11th will have already received their payment earlier in the month.
• If your birthday falls after the 20th, your payment will be due on September 25, 2024. This is the final payment date for the month of September.

Special Cases

Certain retirees may not be eligible for the September 18 payment:

• If you started collecting Social Security benefits before May 1997, you do not qualify for the payment on September 18. Instead, your payment is scheduled for October 3, 2024.
• Retirees who are also receiving Supplemental Security Income (SSI) will receive their next payment on October 3, not on September 18.

Payment Amounts

The average Social Security retirement benefit is around $1,920 per month. However, this amount can vary widely based on factors such as the age at which you filed for benefits and your lifetime earnings. Here is a breakdown of potential payment amounts:

Filing Scenario	Potential Monthly Benefit
Filed at age 62 in 2024	Up to $2,710
Filed at Full Retirement Age (FRA)	Up to $3,822
High earner for 35 years in covered jobs	Up to $4,873

The maximum payment of $4,873 is available to retirees who had high earnings throughout their careers and reached their full retirement age. This is the largest possible payment before the 2025 COLA increase, which will take effect in January. Unlike SNAP recipients who will receive their COLA adjustments in October, retirees and SSI recipients will have to wait until January for their COLA adjustments.

Payment Dates

To help you better plan your finances, here is a summary of the key payment dates for retirees receiving Social Security benefits:

• September 18, 2024: Payment for retirees born between the 11th and 20th of any month.
• September 25, 2024: Payment for retirees born between the 21st and 31st of any month.
• October 3, 2024: Payment for those who have been receiving benefits since before May 1997 or those who are also receiving SSI.

What’s Next?

If you were born between the 11th and 20th, you can expect your Social Security payment to arrive on September 18, 2024. If your birthday falls after the 20th, mark September 25, 2024, as your payday. For those who started collecting benefits before May 1997 or are also receiving SSI, the next payment will be on October 3, 2024.

Remember, some retirees may receive higher payments depending on their age at filing and their earnings history. The highest possible monthly benefit for a high earner who worked 35 years in covered employment is $4,873. Be aware that the COLA increase for retirees and SSI recipients will not come until January 2025, while SNAP recipients will see their adjustments starting in October 2024.

With these dates and details in mind, you can better prepare for your upcoming Social Security payments and ensure you meet the eligibility criteria set by the SSA.

FAQs

Disclaimer- We are committed to fair and transparent journalism. Our Journalists verify all details before publishing any news. For any issues with our content, please contact us via email.