The Social Security Administration (SSA) is set to issue payments for both retirees and SSDI (Social Security Disability Insurance) recipients on September 18, 2024.
Some individuals may receive up to $3,822, the maximum benefit for SSDI recipients who filed at Full Retirement Age (FRA). However, not all retirees will receive this amount as the maximum benefit for retirees differs.
If you are wondering whether you qualify for these payments or how much you could receive, here’s everything you need to know.
SSDI & Retirement Payment Within 24 Hours
Hundreds of retirees and SSDI recipients can expect their payments within 24 hours, starting September 18, 2024. The SSA ensures that beneficiaries meet all requirements to receive their Social Security payments.
The payment schedule is divided by birth dates:
- Born between the 11th and 20th: Payment on September 18, 2024
- Born between the 21st and 31st: Payment on September 25, 2024
To qualify for these payments, retirees and SSDI recipients must have started receiving Social Security benefits after April 30, 1997, and must not be receiving Supplemental Security Income (SSI).
Eligibility for a $3,822 Payment: SSDI & Retirement
To receive the $3,822 maximum monthly payment, you must meet specific criteria:
- Worked for at least 35 years.
- Earned the taxable maximum income for each of those 35 years.
- Filed for Social Security benefits at your Full Retirement Age (FRA).
- Worked jobs covered by the SSA.
For 2024, the taxable maximum is $168,600. This maximum amount is adjusted yearly with Cost-of-Living Adjustments (COLA), making it challenging for most Americans to reach this threshold.
Therefore, only those who have consistently earned the contribution and benefit base for 35 years and filed at their FRA will qualify for this $3,822 benefit in September or October.
SSDI & Retirement Payment Schedule
- September 18, 2024: Payment for those born between 11th and 20th.
- September 25, 2024: Payment for those born between 21st and 31st.
The payment amounts for SSDI and retirement benefits will remain unchanged through December 2024. Any increases resulting from the 2025 COLA will take effect in January 2025.
If you meet the criteria for maximum benefits, you could receive up to $3,822 in your next Social Security or SSDI payment, scheduled for September 18 or September 25, 2024.
This is only applicable to high earners who worked for 35 years and filed at their FRA. For those not meeting these conditions, the benefit amount will vary depending on lifetime earnings.
FAQs
Who qualifies for the $3,822 Social Security payment?
Those who worked for 35 years, earned the taxable maximum income, and filed for benefits at Full Retirement Age.
When will the next SSDI and retirement payments be made?
Payments will be made on September 18, 2024, for those born between the 11th and 20th, and on September 25, 2024, for those born between the 21st and 31st.
Will SSDI recipients receive the same payment in 2025?
No, SSDI payments will increase in January 2025 following the new COLA adjustment.
How can I check if I’m eligible for the $3,822 payment?
Eligibility is based on your work history, earnings, and filing at Full Retirement Age. You can check your eligibility through the SSA website or by contacting them directly.
Does receiving Supplemental Security Income (SSI) affect my eligibility?
Yes, those receiving SSI are not eligible for the $3,822 SSDI or retirement payment.
