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Social Security Payments of $4,873: 2024 Eligibility and Payment Dates to Know

Retirees who worked for 35 years and delayed their retirement until age 70 can receive up to $4,873 in payments

by Melannie Madriz
10/10/2024 17:00
in Money
The Social Security Payments in the United States

The Social Security Payments in the United States

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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 of Social Security during their work are eligible for such benefits.

Many 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.

Up to $4,873: Social Security Amounts 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.

retirement ssdi social security oct 2024
Retirees, SSDI to get payments this week

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.

Some 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 All SSI beneficiaries since May 1997
October 9, 2024 Born between 1st and 10th
October 16, 2024 Born between 11 and 20
October 23, 2024 Born between 21 and 31

Requirements to Receive the Maximum Benefits of the Social Security

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.
Tags: PaymentsSocial security

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