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Payments of Social Security — Eligibility and Payment Dates

Social Security benefits of up to $4,873 will depend on your work history, credits, and retirement age, payment dates

by Melannie Madriz
15/10/2024 12:00
in Money
social security administration october 20204

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The payments of Social Security for $4,873 they will be given to retirees who are about to retire and want to receive these benefits. The Administration of Social Security helps the retired with these payments to help them manage expenses. However, retired workers who have contributed to taxes Social Security during their work are eligible for such benefits.

Hundreds of retirees are going to get these payments from Social Security of $4873 in the following days, according to your criteria. The payment can be made directly into the bank account of the beneficiaries, according to the dates published in the communications with the most years of work, and the maximum work credits will allow greater benefits payment by the authorities. Authorities have scheduled the next round of such benefits for the month of October 2024.

$4,873 Social Security Program for the Month of October 2024

The Administration of Social Security has established the eligibility criteria for these benefits. In 2024, payments of Social Security of $4,873 to retired workers at the time of their retirement. As is well known, there is no age of retirement; Citizens can decide when they want to retire and start receiving benefits. Citizens who are at least 62 years old can start receiving retirement benefits from the Social Security. However, the amount of the benefit they will receive will be relatively lower than that received by the beneficiaries 67 or 70 years old.

social security administration october 20204 udates
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Certain retirees could receive up to $4,873. The benefit What is paid is based on earnings history, length of service, and retirement age. Most retirees will receive a benefit less than the maximum.

Date Details
October 3, 2024, payment already issued All SSI beneficiaries since May 1997
October 9, 2024, payment already issued Born between 1st and 10th
Next payment, October 16, 2024 Born between 11 and 20
Last payment, October 23, 2024 Born between 21 and 31

Requirements to Receive Maximum Social Security Benefits

Handfuls of older people who are close to retire and want to receive the benefits, They expect to receive the highest pay in the department.

  • The workers retired, They must delay their age until they are 70 years old to get their taxes paid, benefits higher.
  • They must have made great contributions and worked for at least 35 years.
  • The retired, They must have a minimum of 35 work credits earned throughout their years of work.
  • They must have paid the payroll taxes to Social Security each work year to receive a good amount of pay from Social Security of the authorities.
  • The retired Eligible workers must be at least 70 years old and have worked for a stable period with a minimum of 35 credits to receive monthly benefits of $4,873.

Eligibility for Social Security Payments of $4,873

  • All residents who apply must live in the United States to obtain these benefits. Social Security.
  • People who received payments from Social Security in May 1997 or before. That’s why they receive their payments automatically on the 3rd of each month.
  • Seniors eligible for SSI and under the Social Security, the payment for October 3 will be included.
  • Only some recipients will receive a total of $4,873 in payments from the Social Security.
  • The average payment of benefit of the Social Security for retirees it is $1,920.
  • This will create support for a retired with low income, since their monthly payment of the Social Security.

For the Month of November, You Could Receive Payments Before Black Friday

The Administration scheduled the November payments for those who:

  • Earned profits before May 1997
  • They also receive SSI benefits in addition to Social Security.

The date that Administration of the Social Security has established for those who began to collect payments of retirement the benefits of the SSDI before May 1997 it will be November 1. Yes, it will not expire on November 3rd because it is the weekend.

Additionally, those beneficiaries who receive the income of Security Supplementary November 1 will receive payment of Social Security from the 3rd to November 1st because the payment has been rescheduled. Of course, you must also have requested benefits of retirement in the SSDI in addition to the SSI to receive 2 checks. This won’t be the only group to receive a payment before Black Friday.

Other Social Security Payments Before Black Friday After November 1

The Agency has established three payments for the retired the beneficiaries of the SSDI: the second, third, or fourth Wednesday of November. Therefore, paydays will expire on November 13, 20, and 27.

To tape with your money Social Security on these dates before Black Friday arrives, you must have your birthday between the 1st and the 10th (November 13), the 11th and the 20th (November 20), or the 21st and the 31st (November 27).

Tags: RetirementSocial securitySSDISSI

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