The Government announced that there would soon be millions Social security payments. Whether you are receiving SSDI or retiring Benefitsyou can take yours money after 4 days.
Do not forget that Social Security Administration (SSA) said their next payment will be sent on December 20th. Because some seniors and people on disability benefits received their money on December 1, they will not receive checks this time.
To qualify for this Social security payment you must have filed after or in May 1997, but not before. What’s more, your birthday will tell you when you can receive your check. The earlier in the month your birthday is, the earlier you will receive your check.
WHO WILL RECEIVE THE $1,848 AND WHEN?
If you get an average retirement check, you’ll get about $1,848. Social security announced that this is the average payment in 2023. However, this will be the last time you receive this amount. Thanks to the COLA boost, you’ll get about $59 more per month.
The Administration will send payments to those seniors who did not start receiving benefits before May 1997. If this is your case, let’s look at the birthday requirement.
Pensioners whose date of birth is from 11 to 20 will get money from Social security on December 20. Pension checks can be worth up to $4,555 in 2023. In 2024, they can cash up to $4,873.
The last paycheck will be December 27th, but only if your birthday is after the 20th. The maximum and average amounts are the same for the three payment days.
WHO WILL RECEIVE $1,489 IN SOCIAL SECURITY AND WHEN?
If you are on disability benefits (Social Security Disability Insurance) and get an average paymentthat check could be yours on December 20th. But only if your birthday is from 11 to 20.
Remember that paydays for retirees and people with disabilities may be the same and follow the same filing date and date of birth requirements. So these last 3 SSDI checks are arranged in the same manner as pension benefits. However, the amounts are different.
The biggest check on a person Social security for disability could receive is $3,626 in 2023 and $3,822 in 2024.
If your birthday is from 21-31, then your payment of disability benefits will be in your pocket on December 27th. The new COLA will arrive in January for those on SSDI and retirement benefits. Only SSI recipients will cash in 3.2% more on December 29, 2023.