2024 Social Security Benefits Payment Schedule and Amounts – Find Out What You’re Eligible For

2024-02-05 17:02:00

The United States Social Security Administration (SSA) continues with the payment schedule. In this way, in the first week of February, it made deposits to two groups of beneficiaries. Here we tell you what they are and the amounts.

The SSA must make 12 annual deposits to an average of 66 million retirees and survivors, as well as 8.7 Social Security Disability Insurance (SSDI) beneficiaries. It also makes payments to 7.5 million people within the Supplemental Security Income (SSI) program, who are adults and children with disabilities or blindness, who have income and resources below specific financial limits.

PAYMENTS FOR THE FIRST WEEK OF FEBRUARY 2024

Below, find out the payments for the first week of February, according to the 2024 Social Security calendar:

  • Thursday, February 1: payment corresponds to the 7.5 million beneficiaries of Supplemental Security Income (SSI).
  • Friday, February 2: it was passed to those who had submitted their retirement application before May 1997.

NOTE: According to the calendar of the 12 annual payments, when the 1st falls on a weekend or holiday, the SSI payment is made before the month begins.

2024 payment schedule (Photo: SSA)

WHAT ARE THE AMOUNTS THAT SSI BENEFICIARIES RECEIVED ON FEBRUARY 1, 2024?

Below are the average amounts that beneficiaries of the SSI program received in February, according to the SSA.

  • Average individual payments: US$943
  • Average payments per couple: US$1,415
  • Essential people: US$473.

HOW MUCH IS THE PAYMENT FOR RETIRED ON FEBRUARY 2?

The Social Security Administration issues checks whose value varies significantly, as they are directly related to retirement age and contributions throughout one’s working career. Below, find out the amounts for February 2024, according to the time of retirement:

  • The average payment for a retiree is US$1,907
  • People who retired early, at age 62, receive a maximum of US$2,654 per month
  • For those who retired at age 67, your monthly payment can be up to US$3,743
  • Those who delayed their retirement until age 70 can obtain a maximum payment of up to US$4,822.

The United States Social Security pays pensions to its retirees every month (Photo: Pexels)
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