The payment schedule for Social Security beneficiaries has a payout during the week starting and ending on October 1. If you are waiting for your payment, here is how to get a real sense of when it will arrive. Particularly since each month more than 70 million people receive services from the SSA, knowing when your payment is due may prove to be of immense help.
How does the SSA organize Social Security payments?
The SSA has many categories for the distribution of payments to beneficiaries. An official timetable exists on payment dates according to certain criteria. In case you haven’t heard any terminology or coded language, however, such a system may be confusing. The following provides a breakdown of the timetable to help you understand the dates you will receive your check.
These two groups are Social Security beneficiaries, which are divided according to the date when they first qualified for payment, in terms of opposite ways of May 1997. Those who qualified for payments either before or after May 1997 have another timetable, where payment is made on the third day of each month for those who qualified payments before that period while other beneficiaries receive checks according to a more detailed schedule dependent on the types of programs under which they fall.
- SSI (Supplemental Security Income) Beneficiaries: Receive their payment on the first day of each month.
- OASDI (Old-Age, Survivors, and Disability Insurance) Beneficiaries: Payments depend on the day of birth, as per the following schedule:
Birth Date Range | Payment Day |
1st to 10th | Second Wednesday |
11th to 20th | Third Wednesday |
21st to 31st | Fourth Wednesday |
Who will receive the next Social Security checks?
According to the SSA calendar, over the next two weeks, three main groups will receive their checks:
- SSI beneficiaries who began after May 1997.
- SSA beneficiaries who started before May 1997.
- OASDI beneficiaries born between the 1st and 10th.
In this case, SSI payments suppress the scheme from making payment on Friday, November 29, because December 1 fell on a Sunday. So, those born before May 1997, choose December 3, for payments and OASDI for those born between the 1st and 10th, i.e. on December 11.
How do you plan to receipt your next social security check?
To receive your payment, it’s essential to meet the eligibility requirements for the corresponding program. Here are some examples:
- Retirement: Be between 62 and 70 years old, with a record of at least 40 Social Security credits.
- Disability: Have contributed to Social Security for at least 5 of the last 10 years, in addition to having medical certification.
- Survivors: Have paid Social Security taxes, although the required amount varies based on the deceased person’s age.
How much will your Social Security check be?
The amount of your check depends on the program you belong to and your personal situation. According to the latest SSA data, these are the average payments:
- Retirement: $1,875.82
- Disability: $1,404.75
- Survivors: $1,509.29
- SSI: $697.50