For millions of retirees around the country, exciting news has arrived with the arrival of September. Payments from the SSA are scheduled to be made, with a new average of $1,919 for qualified retirees. Many retirees rely only on this regular monthly stipend because they have no other source of income.
That money might be yours in a matter of days if all the conditions are met. You should be aware of the following details regarding the next payments.
The new Social Security benefit began to be distributed to two significant retiree categories on September 3, 2024. The first group is of retirement age and is now receiving Supplemental Security Income (SSI) and Social Security retirement benefits.
Your money will be sent to you on the third of the month if you fall into this group.
Retirees who started receiving Social Security benefits before to May 1997 make up the second group. If you started receiving benefits more than 27 years ago, you are qualified for an early payout.
This approach was created by the Social Security Administration (SSA) to ensure that the people who get payments initially are long-term beneficiaries, particularly those who receive both benefits.
Are you receiving more than the average?
In September 2024, Social Security retirees will receive payments averaging $1,919. Since this is an average, you might get more or less, depending on the circumstances.
Some factors that determine your benefits when you apply are your age, work history, and the total number of credits you have accrued during your lifetime.
Many retirees frequently wonder how one might get more Social Security payments than the other, particularly if the latter is significantly more. The amount of monthly checks will be much higher if the filing point is delayed until age 70.
Those who wait can receive higher monthly benefits from the SSA, up to $4,873. Additionally, ensuring that benefits are calculated using the highest earning years requires working for a minimum of 35 years.
The overall amount of money you will be paid will be less if you contribute for less than 35 years, as the remaining years will be regarded as zero. Lastly, paying taxes into Social Security is a must for the duration of your working career.
The proposed adjustments will mostly benefit Social Security recipients, particularly those with annual incomes over $110,000.
Did you forget to pay on September 3rd? Find out the scheduled time of your payment.
Don’t fear if you are in one of the aforementioned groups that received payments on September 3; additional payment dates are every month. To prevent individual payment delays, the Social Security Administration maintains a payment schedule based on birthdays. This is the summary:
| Payment Date | Eligible Retirees |
| September 11 | Retirees born between the 1st and 10th of any month |
| September 18 | Retirees born between the 11th and 20th of any month |
| September 25 | Retirees born between the 21st and 31st of any month |
Retirees and recipients of Social Security Disability Insurance (SSDI) should follow this timetable. As of July 2024, SSDI beneficiaries receive slightly less, on average $1538. Nevertheless, the payment schedule ensures that all recipients receive their funds prior to the end of the month.
Read Also: Are You Prepared for a $16,500 Loss in Your Social Security Check?
Are you eligible for additional SSI benefits? Find out if you qualify for additional
Extra money is given by the SSI program to retirees with low incomes or those who were unable to apply for Social Security early in retirement. SSI benefits can total $973 for single recipients and $1,415 for couples.
This program is very important to many elderly people since it attempts to ensure that low-income individuals may afford the necessities of life.
The winners of these two programs receive additional funding to help with basic requirements including housing, food, and medical bills. If qualified for this program, one should check their eligibility for SSI as it can be quite beneficial.
Read Also: Could You Be One of the SSDI Recipients Getting $1,539 in Late September?
If your September payment isn’t arriving on time, take these instructions to fix the problem.
Even while the SSA makes every effort to guarantee that payments are made on schedule, there are situations in which this is not feasible. These situations may arise from mail services or bank transfer delays.
On September 3, if you are expecting a payment and it’s not in your mailbox or bank account, you should wait three postal days to report the money as missing, according to the SSA. It is essential to get in touch with your bank because, in many instances, they are the source of the delay due to processing times.
To help fix the issue, you can get in touch with the SSA if your payment hasn’t arrived in up to three days. It’s also a good idea to remain calm and take the right steps to avoid adding to your stress.
