The Social Security Administration has scheduled the first payment in September for both retirees and SSDI recipients. remember that this payment is just for those citizens who meet 2 requirements and have already filed.
Hence, this monthly payment is not for all Americans and not for all retirees or disability recipients either. In case you still do not know, only three groups of beneficiaries will qualify for the Social Security payment on September 3, 2024.
September 3 payment eligibility for Social Security beneficiaries
Actually, the first group to receive retirement benefits on September 3 will be the one who started collecting Social Security before May 1997. Only some recipients who got benefits after April 30, 1997 may be eligible.
Also, to get benefits on September 3 you can be on Supplemental Security Income benefits at the same time. So if you get SSI and retirement benefits simultaneously, September 3 will be your payday as well.
The third group of Americans who can receive Social Security Disability Insurance on September 3 is those who are in the same situation as the retirees who qualify for the direct deposits or checks on September 3.
September 3 payment amount for Social Security beneficiaries
Some recipients may receive money from the Administration on September 1 for the first time. They may know the amount of money they will receive, but they could compare it to the average payment for retirees.
The average retirement benefit payment is $1,919 as of July 2024. If you filed at 62, you could get a Social Security check of up to $2,710. Filing at Full Retiement Age allows you to get a payment of up to $3,822.
The largest retirement benefit will be worth $4,873 if you filed at 70 and meet all the requirements. SSDI recipients can get up to $3,822 and their average payment is about $1,538.
