63-year-olds receive average payments worth $1,339. This average payment was unveiled by the Social Security Administration last December 2023. Therefore, it could even be slightly higher since workers may be earning more than in 2023.
If you have a low Social Security benefit, you may also be receiving SSI. Consequently, you may have received SSI on May 31 and will get retirement benefits on June 3, 2024. Just 2 days to collect a new payment.
Pre-1997 retirees & Social Security payday
If you started receiving retirement benefits before May 1997, you will also get Social Security on June 3, 2024. Nevertheless, you must be older than 63 years old to qualify that way.
Those who qualify for retirement benefits because of the year they filed could get an amount closer to the average payment of $1,915. The largest benefit in June 2024 will be $4,873.
Do not forget that if you file at 63, you have not reached Full Retirement Age. That implies you get a large reduction. This cut could be really bad for your financial situation if you rely on just Social Security.
Social Security retirement benefits after June 3
Americans whose birthdays are from the 1-10 of any month could get check on June 3. As long as you filed, got approval, and started receiving them after April 30, 1997, you will be eligible.
Another payment date for 63-year-olds and other retirees will be June 18. This exceptional Tuesday payment could not be sent on June 19, which is a Federal holiday. Feredal holidays affect SSA’s opening hours and payment dates as well. Remember that your birthday must be from 10-20 though.
The last chance to obtain a Social Security payment for 63-year-olds and other retirees will be June 26. Of course, you can only get it if you meet all the previously mentioned requirements and your birthday falls from 21-31. June 3, 12, 18, and 26 will also be paydays for disability beneficiaries on SSDI benefits.