The Social Security Administration (SSA), the federal agency in charge of sending monthly benefits to people who receive retirement, survivor, and disability insurance (RSDI) and Supplemental Security Income (SSI), confirmed that a new payment would be sent out on September 11th.
It’s important to know that RSDI recipients must have met all the requirements in order to get this payment. These include being full retirement age, having worked, and contributing to Social Security in accordance with SSA’s rules. Find out more about the next payouts and how much money the recipients will get this month.
Social Security announces new payment to retirees this Wednesday
People who depend on their monthly Social Security benefits to meet their costs and sometimes get out of poverty need to know how the payment schedule works. This is especially true for low-income seniors and disabled people who get Supplemental Security Income.
There are millions of payouts made every month by the Social Security Administration to people who are eligible for Supplemental Security Income (SSI) and Retirement, Survivors, and Disability Insurance (RSDI).
To make sure that retirees, survivors, disabled workers, and SSI recipients get their benefits on time, the federal agency set up a payment plan that is paid once a year. In the United States, there are about 71 million recipients.
This payment plan shows that SSA sends five rounds of payments throughout the month. The first round is for people who get SSI, and the next round is for people who got RSDI before May 1997, on the third of the month.
The SSA will send three sets of funds to RSDI recipients who started getting benefits after May 1997. The first set will be on the first Wednesday, the second on the third, and the fourth on the fourth.
This means that people who are supposed to get benefits but haven’t yet will get them on three different dates, depending on their date of birth, which are listed here:
- On the second Wednesday, monthly checks are scheduled for beneficiaries born between the 1st and the 10th.
- On the third Wednesday, monthly checks are scheduled for beneficiaries born between the 11th and the 20th.
- On the fourth Wednesday, monthly checks are scheduled for beneficiaries born between the 21st and the 31st.
RSDI users will get their Social Security payments on September 11, 18, and 25 if the payment plan stays the same. Remember that you should wait at least three mailing days before calling the SSA’s customer service if your monthly check doesn’t come when it’s supposed to.
How much money will recipients receive in Social Security payments in September?
The US government agency figures out different monthly payment amounts every year based on things like a beneficiary’s work experience and the amount of Social Security they paid in while they were working.
People who retired before they reached full retirement age (FRA) and got 40 work credits, made all required contributions for at least ten years, and started receiving Social Security benefits can get up to $1,900 a month.
Over this average, retirees can get extra monthly Social Security benefits if they leave at the full retirement age, which is currently 67, or if they wait to start getting benefits until they turn 70.
For example, a retired worker who paid the average monthly contribution and waited until age 67 to get benefits could get up to $3,822. On the other hand, a retiree who waited until age 70 and got benefits based on their highest taxable earnings over the previous 35 years could get up to $4,873 each month.
On the other hand, people who get Social Security Disability Insurance (SSDI) get an average of $1,537 a month. People who paid into the program based on their highest taxed income before they got disabled can get up to $3,822.
Along with that, the SSDI program gives $2,590 monthly checks to people who meet the Social Security Administration’s blindness requirements.
Also See:- News about disability benefits: Who can get a new SSDI check on Wednesday?