the The date retired workers receive their monthly payments depends on their birthdaywhile SSI benefits are distributed to The first of every month.
Retirees with birth dates from the 21st to the 31st can expect their benefits on the fourth Wednesday of the month.. This is the group that will receive their checks next week.
Others born between the 1st and 10th receive money on the second Wednesday of the month, while those born between the 1st and 10th of the month receive money on the second Wednesday of the month. Those born between the 11th and the 20th receive their check on the third Wednesday of the month.
This payment schedule only applies to those who They requested their retirement after May 1997. Workers who retired before this date receive the payment On the third day of the month, regardless of their birthday. These will be the people who receive their payments tomorrow.
How much will your payments increase this year?
With the 3.2% increase, the average wage of a retired worker in 2024 will increase by about $57, which is Mean checks for 2024 average $1,885.
This is only an approximate amount, which means that the exact number varies depending on the personal situation of each beneficiary. Here a A simple formula by which you can calculate the increase in your payments for 2024: Multiply your current benefit number by 1.032.