The Social Security Administration has already planned the payments in April for retirees. However, some seniors are still receiving retirement benefits in March 2024.
March 27 will be the last payday for this month if you are on benefits from May 1997 onward and your birthday is late in the month. For your information, your birth date must be from 21-31.
Social Security will make sure that retirees meet these 2 conditions. Another possibility to receive money from the Administration on March 27 is to get SSDI, disability benefits. Eligibility for this payday is the same as for retirees.
MARCH 27 & EXPECTED AMOUNTS
The maximum benefit eligible recipients will collect depends on the age you file. For example, if you file at the age of 70 in 2024, you could get up to $4,873. Filing at 62 can only give you a check worth up to $2,710.
Filing at Full Retirement Age in 2024 means you can obtain a direct deposit or check worth up to $3,822. However, if you have not been a high earner you should expect a lower payment.
Average amounts may be more accurate, but they may be deceiving if you only worked for ten years and filed at 62. The average check as of February 2024 is worth $1,910. It is slightly higher than in January 2024.
APRIL’S SOCIAL SECURITY PAYMENTS
The Administration will deliver the first checks and direct deposits on April 3. This money will be for those on SSI and Social Security at the same time. But it will also be for those on retirement before May 1997.
April 10 will be your payday if you do not qualify for the April 3 payment and your birthday is from 1-10. Those whose birthday is from 11-20 will cash a new payment on April 17.
April 24 will be your payday if you get benefits on March 27. If you have just qualified for Social Security, your birthday must be from 21-31 to get retirement benefits on April 24.