A new Social Security payment for eligible retirees is set to be disbursed on September 25, 2024.
This will be the final payment for September, and it’s essential for retirees to ensure they meet the eligibility criteria to receive this payment. Here’s what you need to know about the upcoming Social Security payments and the October schedule.
September 25 Eligibility for Social Security Payment
The September 25 payment will go out to retirees who meet the following conditions:
- Born after the 20th of any month.
- Not receiving Supplemental Security Income (SSI).
- Did not receive the first benefit before May 1997.
- Still eligible for Social Security benefits (i.e., no rules have been violated).
The maximum payment a retiree can receive on September 25 is $4,873, although most beneficiaries will receive an average payment of $1,920.
October Social Security Payment Schedule
Once the September payments are complete, retirees should be aware of the October payment schedule to plan their budgets:
- October 1: SSI payments will be issued to eligible recipients.
- October 3: Retirees who receive SSI or began receiving benefits before May 1997 will receive their payments.
- October 9, 16, and 23: For retirees born in specific date ranges, payments will be made as follows:
- Birthdays from 1st to 10th: Payment on October 9.
- Birthdays from 11th to 20th: Payment on October 16.
- Birthdays from 21st to 31st: Payment on October 23.
The September 25 Social Security payment will be the last for the month, and eligible retirees should expect to receive their benefits based on the criteria outlined.
The October payment schedule is crucial for planning, with different dates for SSI recipients and retirees depending on their birthdates.
FAQs
Who will receive the Social Security payment on September 25?
Retirees born after the 20th of any month, not receiving SSI, and who became eligible after May 1997.
What is the average Social Security payment amount for September?
The average payment is $1,920.
When is the first SSI payment in October 2024?
The first SSI payment will be made on October 1.
How are Social Security payment dates in October determined?
Payments are based on the retiree’s birthday:
1-10: October 9.
11-20: October 16.
21-31: October 23.
What is the maximum Social Security payment amount?
The maximum payment for retirees can reach $4,873, though most receive the average amount.
