New payment expected on January 24. This will be the last chance for millions pensioners I receive money in January. The thing is, some eligible couples can get a great check.
Note that not all retirees receive the same amount. That's why it's important to know how pension benefits work in order to get bigger payment after you apply for benefits.
Only workers who were high earners, filed late and worked a minimum of 35 years can get the maximum retirement benefits. But the $3,814 worth of checks are average benefits.
WHO CAN RECEIVE $3,814 ON JANUARY 24TH?
Because the Social Security Administration announced that there are average pension payments of $1,907 for workers, some couples may also receive this amount.
If you and your spouse qualify for an average checking on your own records you will each receive $1,907. Therefore, you will cash a total check of $3,814 on January 24th.
Of course if you get lower or higher payment, your check will be different. For example, some people can raise up to $4,873. This is the biggest check possible in 2024.
The main thing requirements to receive benefits on January 24th are 2. The first is that you must have started receiving benefits after or in May 1997. The second is to have a birthday after the 10th but before the 21st. This is from 11-20.
WHEN IS THE NEXT PAYMENT AFTER JANUARY 24?
The Social Security Administration has already scheduled payments for February. In truth, there will be 5 different checks. Therefore, there will be one more than in January.
This is because the supplementary insurance benefit was due to be paid on 29 December, not 1 January. In February the first SSI payment it will be due on the first day of the month as usual.
Those adults with pension benefits before May 1997 will receive their payment on February 2. February 2nd will also be your payday if you receive both SSI and Social Security. If you do not qualify for SSI or February 2nd paymentyou will receive them on February 14th, 21st or 28th.
SSA organizes salary days on the second, third and fourth Wednesday of the month. However, it will depend on your birthday on the day you redeem them. File for Social Security if you're 62 and get checks every month. Increase your retirement income by delaying retirement until age 70.