The Social Security Administration provides monthly benefits to millions of Americans. Although two paydays in November remain, many of them have already received their monthly salary. As a result, several retirees are awaiting the delivery of their checks and direct payments to their bank accounts.
Retirees are being reminded by this Social Security reminder that their payment is due on November 20. In the US, this will be the second batch of Wednesday payments.
Who is eligible to receive Social Security’s November 20 payment?
Only retirees who meet the SSA-established birth date requirement, have not received retirement benefits prior to May 1997, and are not receiving SSI benefits will be eligible for this funding. Checklist:
- not receiving SSI
- Prior to May 1997, not receiving Social Security
- born in any month between 11 and 20
- continue to be eligible and have not violated any SSA regulations.
You may be asking if the 2025 COLA rise will be included in this payment. In actuality, it won’t include the cost-of-living increase, and the average will be roughly $1,924. Additionally, if you were born between 21 and 31 and match the other requirements, you will receive a fresh reward on November 27.
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On November 20 and 27, who is eligible to collect $4,873 from Social Security?
Only retired employees who earned high salaries for nearly 40 years will receive this big benefit payment. Actually, you have to have accrued 35 years of contributions and benefits.
In addition, you will need to fulfill three more requirements. Filing when you are 70 years old is another important criterion. In this way, you will be able to receive 24% extra by getting delayed credits.
Of course, you will have to work for 35 years in jobs that are covered by SSA. That means you paid enough taxes to Social Security to benefit from such a large payment at 70. But if your check is too low, you can apply for SSI too.
