While some retirees will receive their Social Security retirement benefit payment on September 3, 2024, others need to wait longer. That is the case with those seniors who do not qualify for retirement and SSI benefits simultaneously.
But they are not the only example. Those seniors who began collecting Social Security after April 30, 1997, will also have later paydays than those who get money on the 3rd.
Retirees not eligible for Social Security September 3
If you do not qualify for the payment on the third, and you were born after the 20th, you will be the last group to get money from Social Security in September.
As a matter of fact, your next payday will be due on September 25, 2024. Great news because it will arrive three days before it did in August, which was due on the 28th.
- payment on September 25: born from 21-31 of any month
- eligible if not receiving SSI benefits
- eligible if you did not get benefits before May 1997
- filing and approval from Social Security is required, those who break SSA rules will not qualify
Can retirees who get Social Security on September 25 get an average payment?
The amount of your retirement benefit payment will depend on your work, earnings, and filing history. So, some retirees may get an average payment of $1,919, but others may get a lot less and few a lot more.
In fact, the largest Social Security retirement benefit in September will be worth $4,873. That is possible if you earned the contribution and benefit base for 35 years, filed at 70, had jobs covered by the Administration, and worked for 35 years.
The maximum benefit for retirees who file at 62 in 2024 is $2,710, and up to $3,822 if you filed at Full Retirement Age. Those who are looking forward to the 2025 COLA increase need to know it will not be sent until January 2025. The latest projection from the Senior Citizens League is just 2.57%, so about 2.6%.