The Social Security Administration has confirmed payments in February. However, the first check will be for Americans with Supplemental Security Income (SSI) on February 1.
There are actually three groups of Social Security Beneficiaries who will not receive their pension benefits next week. In fact, their new payment will be due on three possible payment days.
The Social security payment the schedule reveals that those who do not receive benefits next week may receive them on February 14, 21 or 28. So, let's see when the next pension payment arrives.
NEXT SOCIAL SECURITY PAYMENT DATE
February 2 will be the day the administration sends the first check to some retirees next month. Remember that only 2 groups of pensioners can be entitled to this payment.
First, to receive this check, you must meet one of these 2 requirements. For one thing, you must have started receiving benefits before May 1997. If you filed after that date, you may qualify unless you meet another condition.
note that the February 2 the payment can also be yours if you have supplementary insurance income and social security at the same time. So those are the only two options to get this money.
If you receive SSI on February 1 and Social security on February 2nd you will receive 2 payments back to back. The amount of your payment will depend on your work history, income and filing experience.
2 FEBRUARY AND PENSION AMOUNTS
The Social security The administration informed Americans of the average payments for 2024. If you're collecting retirement benefits, you could receive an average check worth about $1,907.
Remember that your payment it can be much lower or much higher. This will depend on the number of years you have worked. For example, if you haven't worked for 35 years, your benefits are reduced.
Submitting 62 also means getting a 30% discount. While late retirement implies receiving a Social security award. High earners also qualify for much larger payments.
Therefore, if you earned the taxable maximum in 35 years, you filed at 70 and paid Social security taxes, you could get $4,873 in 2023. Filing early could mean getting up to $2,710. Filing at full retirement age means receiving 100% of your benefits. This group could receive benefits of up to $3,822 in 2024.