The next Social Security payment for retirees will be made in a few days – You must be born between these dates

According to Lagradaonline, If you qualify for Social Security benefits, keep an eye on your bank account as a new payment is set to reach beneficiaries in the coming days. Each month, the Social Security Administration (SSA) schedules five rounds of payments for retirees, survivors, and disabled individuals in the United States. The SSA’s mission is to deliver more than 70 million payments to eligible recipients who meet the necessary criteria, including full retirement age, work history, Social Security contributions, and specific disability qualifications, particularly for those enrolled in the Social Security Disability Insurance (SSDI) program.

Understanding the Social Security Payment Schedule

Given that over 70 million Americans receive Social Security payments each month, it’s crucial to have a clear and consistent process in place. Beneficiaries often include seniors, the disabled, children, and families without a primary wage earner, making timely payments essential for their well-being. To manage this, the SSA has established a structured payment schedule.

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The payment schedule is influenced by when you started receiving benefits. Here’s a breakdown:

1. For those who began receiving benefits before May 1997 (regardless of their current program), payments are always issued on the third of each month.
2. For those who began receiving benefits after May 1997, the payment schedule varies depending on the program:
   • Supplemental Security Income (SSI): Payments are made on the first day of the month.
   • Old Age, Survivors, and Disability Insurance (OASDI): Payments are made on Wednesdays based on your birth date:
     • 1st–10th: Payments are issued on the second Wednesday of the month.
     • 11th–20th: Payments are issued on the third Wednesday of the month.
     • 21st–31st: Payments are issued on the fourth Wednesday of the month.

Payment Adjustments for Holidays and Weekends

To avoid disruptions in payment, the SSA has implemented additional rules. If a payment date falls on a holiday or weekend, the payment is advanced to the next business day, usually a Friday, but it may be moved to the preceding day in the case of a holiday.

When to Expect Your September Payment

For this month, beneficiaries born between the 1st and 10th will receive their payment on Wednesday, September 11. If you fall into this group, be sure to check your account on this date. The SSA advises waiting at least three business days before contacting your local office if you do not receive your payment as expected.

By understanding the payment schedule and these additional guidelines, beneficiaries can better manage their expectations and financial planning.