Social Security Payment Updates: New Benefits and Increase Details Confirmed
The Social Security Administration (SSA) oversees the distribution of monthly retirement, disability, and Supplemental Security Income (SSI) payments. These payments help replace a portion of income for retirees, those unable to work, and eligible survivors.
Payment Schedule for September 2024
For those receiving Social Security benefits:
- September 3: Payments for retirees who started receiving benefits before May 1997.
- September 11: Payments for beneficiaries born between the 1st and 10th of the month.
- September 18: Payments for those born between the 11th and 20th.
- September 25: Payments for individuals born between the 21st and 31st.
SSI recipients received their September payment on August 30, with the next payment scheduled for October 1 due to the first falling on a weekend.
Average and Maximum Benefits
The estimated average monthly Social Security retirement benefit was $1,907 as of January 2024. The maximum benefit varies by retirement age:
- Age 62: $2,710
- Full Retirement Age (2024): $3,822
- Age 70: $4,873
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Applying for Benefits
Applications for retirement benefits can be submitted online through a personal my Social Security account. Applicants can also apply by phone at 1-800-772-1213 (Monday through Friday, 8 a.m. to 7 p.m. local time) or by visiting a local SSA office. For those living outside the U.S., information on international offices is available on the SSA’s Office of International Revenues and Operations website.
For further details on Social Security payments and updates, visit Todo Disca.