For retirees who do not qualify for Social Security retirement benefits on September 3, 2024, there is still an opportunity to receive your payment starting September 11, 2024. This payment is available to those who are not receiving Supplemental Security Income (SSI) and have received benefits after April 30, 1997. Read on to find out how to make the most of your Social Security benefits in 2024 and understand the key dates and payment amounts.
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September 11 – Social Security Payday
The Social Security Administration (SSA) will kick off the new round of payments on September 11, 2024. If you are a retiree who did not qualify for the September 3 payment but meets the necessary criteria, your benefit will be deposited into your bank account on this date. To qualify for the September 11 payment, you must have been born before the 11th of the month.
If your birthday falls between the 11th and the 20th, you will receive your payment a week later, on September 18, 2024. For those with birthdays between the 21st and the end of the month, the final payment will be issued on September 25, 2024. The exact timing of these payments depends solely on your birthdate, not the year or month you were born.
Social Security Payment Amounts for September 11
The Social Security payment amounts for retirees can vary significantly, ranging from $2,710 to $4,873. Here’s a breakdown of the maximum payment amounts based on when you filed for benefits:
- Retirees Who Filed at Full Retirement Age (FRA): Up to $3,822
- Retirees Who Filed at Age 62: Up to $2,710
- Retirees Who Filed at Age 70: Up to $4,873
While these figures represent the highest possible payments, it’s important to note that such large amounts are uncommon. To receive these maximum payments, retirees must have worked for 35 years, earned the contribution and benefit base throughout their careers, and had jobs that paid sufficient taxes to Social Security.
Average Payments and Other Assistance
The average Social Security retirement payment is approximately $1,919, according to SSA data from last August. If your benefits are significantly lower than this average, you might want to explore Supplemental Security Income (SSI). SSI payments, which are distinct from Social Security benefits, are scheduled to be sent out next on October 1, 2024. SSI can provide up to $943 per month to eligible recipients.
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For retirees expecting Social Security payments in September, understanding the schedule and payment amounts can help you plan better. Ensure you know your payment date based on your birthdate and explore all available options if your payments are lower than expected. By staying informed, you can make the most of your Social Security benefits in 2024 and beyond.