Social Security Pension Schedule 2024: Payment Details & Amounts for April 17

2024-04-13 08:14:00

To obtain a pension in the United States, you must have contributed to Social Security throughout your working life and met certain rules, such as the number of annual credits. If you are one of the 66 million pensioners of the Social Security Administration (SSA) in the United States, you can receive your payments by direct deposit 12 times a year, according to the schedule. Find out who will receive the payment on Wednesday, March 17, the amount of which can reach $4,873.

The pensions granted by the SSA this 2024 come with a 3.2% increase due to the COLA in order to face inflation and guarantee the purchasing power of Social Security benefits.

Although the retirement pension provides peace of mind, it does not fully replace income when a person reduces their hours or stops working completely. For this reason, specialists recommend having other extra income.

WHO IS DUE TO PAY THE SOCIAL SECURITY ON APRIL 17, 2024?

According to the Social Security Administration schedule, the payment on Wednesday, April 17, which is the third Wednesday of the month, is intended for those who retired following May 1997 and, in addition, were born between April 11 and 20. any month. They must also be deposited to survivors and beneficiaries of Disability Insurance (SSDI).

• April 17: Payment is made on the third Wednesday of each month to those who retired following May 1997 and were born between the 11th and 20th of any month.

NOTE: The same date of payment to retirees also corresponds to survivors and those beneficiaries of Disability Insurance (SSDI).

2024 payment schedule (Photo: SSA)

PAYMENT AMOUNT FOR SSA RETIREES BY APRIL 17, 2024

The Social Security Administration explains that the value of deposits or checks varies significantly, as they are directly related to retirement age and contributions throughout one’s working career. Below, find out the amounts for April 17, 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$2,710 per month.
• For those who retired at age 67, their monthly payment can be up to US$3,822.
• Those who delayed their retirement until age 70 can obtain a maximum monthly payment of up to US$4,873.

HOW DO I KNOW IF THE SOCIAL SECURITY PAYMENT APPLIES TO ME?

All the information regarding Social Security and the payment of the check can be found on the government entity’s website, which you can access in Spanish.

MORE INFORMATION ABOUT SOCIAL SECURITY

WHAT IS SOCIAL SECURITY?

Social Security is a federal government program that provides you with a source of income when you retire, if you are unable to work or due to a disability. You can also provide financial assistance to your legal dependents following your death.

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