Some retirees aged 66 years and 8 months old may qualify for the largest Social Security payment on September 11, 2024. However, they must meet the essential requirements SSA set.
For your information, you must have filed at Full Retirement Age but there are more conditions. Retired workers must have worked for a minimum of 35 years in jobs covered by SSA. Still, requirements are not over, only those who earned the contribution and benefit base for 35 years can achieve it.
Social Security on September 11 for seniors aged 66 years and 8 months
Although you may qualify for Social Security retirement benefits from the age of 62, let’s focus on the payment for 66-year-olds from the Administration after September 3, 2024.
The eligibility criteria for the September 11 payment have to do with three things:
- not eligible for SSI (Supplemental Security Income payments)
- not received retirement benefits before May 1997
- born from 1-10 of any month
Therefore if you were born on the first of September 1958, you could receive up to $3,822 on September 11. As long as you meet the requirements and do not get SSI or did not receive benefits before May 1997.
How to increase Social Security if you have not filed at 66
Although the largest Social Security retirement benefit is worth $3,822 at Full Retirement Age, it could be much higher. That happens when you file at the age of 70.
Delaying retirement benefits provides you with a 24% extra per month. That implies you must continue working so it may not be convenient if you are in poor health.
Make sure you look for jobs that pay you more money. The more taxes you pay to SSA, the larger your Social Security payment will be. Nevertheless, some workers may have not been able to qualify for $3,822 and may receive a lower-than-average retirement benefit payment. So, it is advisable they apply for SSI.