Retirees who have already collected their monthly payments in August can learn more about their next Social Security payment in the USA. September will bring only 4 different paydays.
This is because Social Security will be sending the SSI (Supplemental Security Income) payment for September on August 30, 2024. So, SSI recipients will get money 2 days ahead of schedule.
Early Social Security in September
Keep in mind that to receive a Social Security retirement benefit in early September you must have filed and gotten approval from the Administration. What is more, only those who got benefits before May 1997 will receive money on September 3, 2024.
Actually, there is one group of recipients who may also be eligible for the early payment on September 3. Yes, they could receive it even if they they did not get benefits before May 1997.
Those SSI recipients who get their payment on August 30 and also qualify for Social Security, will receive their check or direct deposit on September 3, 2024. But what about the possible amounts?
Early Social Security payment amount in September
Each retired worker may receive a different amount. Still, if you are interested to know in the average payment seniors on retirement benefits may get, it is $1,918 as of June 2024. Recipients who receive SSI as well may get much lower payments though.
If you were a high earner for 35 years or more, you may receive much more. This is because the more payroll taxes you pay to the Administration, the higher your benefit will be in retirement.
Some Americans can get up to $4,873, but only if they:
- worked for 35 years or more
- filed at the age of 70, not before
- worked in jobs that paid payroll taxes to the U.S. SSA
- earned the contribution and benefit base for 35 years
Those who do not qualify for Social Security payment on September 3, may get their checks or direct deposits on September 11, 18 25. Apply for retirement if you are already 62 and have got at least 40 work credits.