A federal organization called the Social Security Administration is responsible for distributing monthly Social Security benefits to millions of Americans who are retired, survivors, disabled, or low-income seniors who are eligible for several programs.
On Christmas Day, the maximum Social Security payment of $4,873 will be paid to eligible recipients of Retirement, Survivors, and Disability Insurance (RSDI) benefits. However, depending on the unique circumstances of each recipient and their full retirement age, higher payout amounts may be attainable.
It’s crucial to remember that the 3.2% cost of living adjustment, which was revised on October 10th, is already included in these Social Security payouts. However, the new 2.5% increase won’t be given to recipients until January 2025.
For many families, the sudden loss of their main source of income raises concerns about their financial stability. For eligible people and families, the government-sponsored Retirement, Survivors, and Disability Insurance (RSDI) program offers income.
You may be able to replace lost income if an accident keeps you from going back to work after retirement. If a family member dies, they may also be entitled for RSDI payments if they were receiving income or benefits due to an impairment.
A fresh Social Security payment up to $4,873 will be given to beneficiaries on December 24
Retired workers who were born between May 11 and May 20 and who started receiving their first monthly benefits after May 1997 will receive an additional deposit today, per the Social Security payment schedule published by the SSA.
Because the Social Security Administration must deliver millions of payments, they adopt a staggered payment technique based on the beneficiary’s birthdate. For example, retirees will receive their benefits on the days listed below this month:
- December 11th, Wednesday the second. The Social Security Administration normally pays retired Americans who were born between the first and the tenth of the month on this day.
- October 18, Wednesday the third. The Social Security Administration normally pays retired Americans who were born between the 11th and the 20th of the month on this day.
- October 24, Tuesday, the fourth. The Social Security Administration normally pays out monthly benefits to retired Americans whose birthdates occur between the 21st and the 31st on this day.
Furthermore, the amount that beneficiaries get varies based on the program for which they qualify and a number of other circumstances.
For instance, a retired employee’s full retirement age (FRA), work history, and system payments over the preceding 35 years will all affect how much they receive each month.
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Additionally, the number of children surviving spouses have and if they are single affect how much they receive. According to the SSA’s payment standards, the following is a list of the monthly benefits that will be accessible to retired workers and survivors in 2024:
| Federal government programs | Retirement benefits | Survivors benefits | Disability benefits |
| On average | $1,900 | $1,505 | $1,537 |
Other payments | Age 62: $2,710 Age 67: $3,822 Age 70: $4,873 | Individual: $1,773 2 Children: $3,653 | Blind recipients: $2,590 Maximum payment: $3,822 |
Which disability benefits are under the purview of the Social Security Administration?
The Social Security Administration administers both the Supplemental Security Income and Social Security Disability Insurance programs, which are designed to help millions of older, disabled, and sometimes young people. However, there are some important differences between the two programs.
The primary distinction is that SSI is based on age, disability, restricted income, and resources, whereas SSDI is based on work credits and disability.
In most places, SSI beneficiaries are also immediately eligible for Medicaid health insurance. After receiving SSDI benefits for 24 months, a person will automatically qualify for Medicare.
