Monthly Social Security Benefits: Who Gets Paid in June?
The Social Security Administration (SSA) is responsible for sending out monthly benefits to retired workers, as well as Supplemental Security Income (SSI) benefits, disability, and survivor benefits. If you’re a beneficiary, you may be wondering when you’ll receive your June payment. Here’s a breakdown of who’s getting paid and when.
Monthly Social Security Benefit Amounts
The amount of your monthly Social Security benefit depends on a variety of factors, including your age, retirement status, and eligibility for other programs. As of 2021, the maximum benefit for retirees who start their payments at age 62 is $2,572 per month, while those who wait until full retirement age (67) can receive up to $3,627 each month. Retirees who wait until age 70 to start collecting their benefits can receive as much as $4,555 per month. Meanwhile, SSI recipients are eligible for a maximum benefit of $914 per month for individuals and $1,371 for married couples.
When Social Security Payments Are Sent
Social Security payments are sent on a schedule based on the recipient’s birth date or sign-up date. SSI payments are sent on the first day of each month, while other Social Security checks are sent according to the following schedule:
– Second Wednesday of the month: beneficiaries born between the 1st and 10th of the month
– Third Wednesday of the month: beneficiaries born between the 11th and 20th
– Fourth Wednesday of the month: beneficiaries born between the 21st and 31st
June Payment Schedule
If you’re expecting a Social Security payment in June, here’s when you can expect it:
– June 1: SSI Recipients
– June 2: Recipients who started receiving Social Security benefits before May 1997
– June 14: Beneficiaries with a birth date between May 1 and June 10
– June 21: Beneficiaries with a birth date between June 11 and June 20
– June 28: Beneficiaries with a birth date between June 21 and June 31
– June 30: SSI beneficiaries (for July payment)
It’s important to note that these payment dates can change depending on holidays or weekends. However, if you’re enrolled in direct deposit, you should receive your payment on the scheduled date regardless of weekends or holidays.
Knowing when your Social Security payment will arrive can help you plan your finances for the month. If you don’t receive your payment on the scheduled date, be sure to contact the SSA to find out why. By staying on top of your benefits, you can ensure that you receive the maximum amount possible and avoid any unnecessary delays or issues.