This week has good news for some people who get Social Security. Tomorrow, they will get a new payment. Retirement, Survivorship, and Disability Insurance (RSDI) recipients who claimed benefits before May 1997 will get a new check for between $1,537 and $4,873.
Keep an eye on your bank account. It is important to remember that people who want to get this Social Security payment must meet all the standards and have paid into the system for at least 10 years. As of last year, the cost of living increase (COLA) that was made public in the second week of October added 3.2% to this month’s payment.
A new Social Security payment is scheduled to be mailed in less than 24 hours
The Social Security Administration is the federal body that gives millions of dollars in benefits every month to seniors, disabled people, survivors, and people who get SSI. A Social Security payment schedule was made so that all beneficiaries are paid on time and in line with the rules for each program.
It plans more than 70 million payouts. People who get Supplemental Security Income (SSI) are always the first to get paid on the first of the month, unless it’s a holiday or weekend. After the Social Security Administration (SSA) sends out SSI checks, people who get retirement, widow, and disability insurance (RSDI) checks will get them at different times depending on two things:
- The date when they claimed their first Social Security payment (before or after May 1997)
- The day they were born, which could be:
- Between the 1st and the 10th
- Between the 11th and the 20th
- Between the 21st and the 31st
If you applied for RSDI benefits before May 1997, you will always get your payments on the third day of the month (August 3rd). If you applied after May 1997, you will get your payments on the second, third, and fourth Wednesdays of every month.
As we already said, please keep in mind that these regular payment times may change if they fall on a holiday or weekend. In this case, the Social Security Administration will move the payment date to the previous work day so as not to put beneficiaries at risk.
How much money will beneficiaries receive this month in monthly benefits?
The amount of money that each Social Security beneficiary gets each month depends on a number of things, such as their full retirement age, their working history, the amount of Social Security taxes they paid while they were working, and the type of disability they have.
This is especially true for Social Security Disability Insurance (SSDI) beneficiaries. Here is a list of all the Social Security payment checks by program so you can learn more about all the different amounts you can get this year:
| Social Security payments | Retirement benefits | Survivors benefits | Disability benefits | SSI benefits |
| On average | $1,900 | $1,505 | $1,537 | $698 |
| Other payments | Age 62: $2,710
Age 67: $3,822 Age 70: $4,873 |
Individual: $1,773
2 Children: $3,653 |
Blind recipients: $2,590
Maximum payment: $3,822 |
Individuals: $943
Couples: $1,415 Essential person: $472 |
To get the most money from Social Security, people who get benefits from all programs must meet strict standards. Because of this, you should always talk to a financial advisor or Social Security expert about your specific situation. They can help you through the process and increase your chances of being qualified for the program that works best for you.
How can Social Security beneficiaries protect their personal information?
Recent news stories about data breaches involving Social Security numbers have made us want to remember you how important it is to keep your personal information safe. Many bad things can happen if someone uses your Social Security Number (SSN) fraudulently and possibly takes on your name.
Identity thieves can get loans, credit cards, and open accounts in your name by using the information they get from you. So, if you think your Social Security number has been stolen, here are some things you can do to keep your information safe:
- To file a report and obtain a recovery plan, go to IdentityTheft.gov. The Federal Trade Commission, the country’s consumer protection organization, is in charge of IdentityTheft.gov, a one-stop shop. An alternative is to dial 1-877-IDTHEFT (1-877-438-4338).
- Use the Internet Crime Complaint Center (IC3) at ic3.gov to submit an online report. Receiving, analyzing, and forwarding cybercrime complaints to law enforcement and regulatory bodies is its objective.
- To stop someone else from filing a tax return and getting your refund using your Social Security number, get in touch with the IRS. Call 1-800-908-4490 or visit Identity Theft Central.
Also See:- Cuts to Social Security checks in September—A list of seniors who will be affected