This week and the week after that, you will start getting a Social Security check. Know when it is your turn, and get there before the other retirees.
The Social Security Administration (SSA) helps more than 70 million people every month, and it is helpful to know when you will get your payment.
How does Social Security schedule each social security check?
The Social Security Administration (SSA) splits its group of beneficiaries into several smaller groups so that checks can be sent out throughout the month.
In order to reach this goal, the SSA has created an Official Payment Schedule that will usually tell you when your payment is due.
Unfortunately, the timetable legend may be hard to understand if you are not familiar with the terms and color codes used. To help you deal with this, we will tell you how the SSA figures out when to pay you.
The first step is to divide the SSA recipients into two groups based on when they first signed up for the program and, as a result, when they started getting payments. The important date is May 1997.
Every month on the third, the group that began before that date will get their money. Those who started later have to deal with an extra level of difficulty because they have to be split up even more.
People who started getting SSA benefits after May 1997 will now be split up by the program they are on. Benefits for Supplemental Security Income (SSI) will be sent out on the first of every month.
Also, the rest of the programs, which are often called OASDI (Old Age, Survivors, and Disability Insurance), will be given out based on the date each person was born.
If you are part of the OASDI group, this last step may seem hard, but all you have to do is look at the table below to find the right date:
Beneficiary’s Birth Date Range | Payment Date in the Month |
1st to 10th | Second Wednesday |
11th to 20th | Third Wednesday |
21st to 31st | Fourth Wednesday |
Who is going to receive the following Social Security check?
Looking at the next two weeks and based on what we have already described, you would anticipate that three groups will receive a Social Security check in the following fifteen days:
- SSI post-May 1997.
- SSA beneficiaries from pre-May 1997.
- OASDI beneficiaries whose birth date is between the 1st and 10th.
Most of what you said is true, but SSI was paid last Friday, November 29th. This is because any payment made on a Sunday or holiday is rushed to the business day before.
So, people who started getting SSA benefits before May 1997 will get their money on Tuesday, December 3rd. People who started getting OASDI benefits in the first through tenth groups will get their money on Wednesday, December 11th.
How can you be sure to receive the following Social Security Check?
The best method to do it is to ensure that you meet all of the eligibility conditions; in the instance of the payments described above, that would imply applying to any OASDI program, so you would need the following:
- To qualify for retirement, you must be between 62 and 70 years old and have contributed 40 Social Security credits.
- To be eligible for disability benefits, you must have paid Social Security taxes for at least 5 years out of the previous 10. Medical certification is also required.
- Survivors must have paid Social Security taxes (the amount varies by age).
How much can you receive inside this Social Security check?
The general size of your next Social Security check will be determined by the program you belong to and your unique situation. Here’s an average based on the SSA’s most recent data:
- Retirement: $1,875.82
- Disability: $1,404.75
- Survivor: $1,509.29
- SSI: $697.50
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