No Social Security payments this week – Retirees missing out on checks

The Social Security Administration (SSA) has been ensuring financial support to millions since 1935. They provide monthly payments to retired workers, survivors, disabled persons, and those under the Supplemental Security Income (SSI) program. These payments follow an annual schedule, though adjustments are made if a payment date falls on a weekend or federal holiday. When this occurs, the payment is rescheduled for the preceding business day to prevent any disruption for beneficiaries.

Schedule

Understanding the Social Security payment schedule can help beneficiaries plan better. Here’s a breakdown of the usual payment timeline for 2024:

First Week:

• SSI recipients are paid on the 1st.
• Retired workers and disabled persons who claimed benefits before May 1997 are paid on the 3rd.

Second Week:

• Those who claimed benefits after May 1997 receive payments on the 2nd Wednesday.

Third Week:

• Beneficiaries from after May 1997 receive their payments on the 3rd Wednesday.

Fourth Week:

• Further payments are made on the 4th Wednesday for those who claimed after May 1997.

However, this month, SSI recipients, retired workers, and disabled individuals who claimed benefits before May 1997 will receive their payments in the fourth week of July. This is due to August 1st and 3rd falling on the last Thursday and Friday of July.

Payments

For August, here’s when beneficiaries will receive their payments:

• August 14th: Beneficiaries born between the 1st and the 10th.
• August 21st: Beneficiaries born between the 11th and the 20th.
• August 28th: Beneficiaries born between the 21st and the 31st.

It’s important to remember that RSDI beneficiaries receive payments based on their birthdate, unlike SSI recipients who get paid on the same day each month. For any additional information or to check your monthly payment, you can access your “My Social Security Account.”

Amounts

The amount of Social Security payments varies depending on several factors, including full retirement age (FRA), work history, and Social Security contributions. Here’s a look at the average payments:

• Average Retirement Payment: $1,900 per month.
• Early Retirement at 62: Up to $2,710.
• Full Retirement Age: Up to $3,822.
• Delayed Retirement Until 70: Maximum benefit of $4,873.

Below is a detailed table of average payments for different programs:

Program	Average Payment	Additional Payments
Social Security	$1,505
Survivor Benefits	$1,537	Individual: $1,773, 2 Children: $3,653
Disability Benefits	$698	Blind Recipients: $2,590, Max: $3,822
SSI Benefits	$943	Couples: $1,415, Essential Person: $472

The SSA plays a crucial role in ensuring financial stability for millions of Americans. Knowing the payment schedule and amounts can help beneficiaries manage their finances better. If you have any queries or need further details, your “My Social Security Account” is a great resource.

FAQs