It is the job of the Social Security Administration, a federal agency, to make sure that millions of retired, disabled, and low-income seniors who are qualified for different programs get their monthly Social Security payments.
Retirement, Survivors, and Disability Insurance (RSDI) beneficiaries will get different amounts of money in just a few hours. This depends on their full retirement age, work experience, and Social Security contributions.
Retirees can get up to $4,873 each month as one of the regular payouts. Do not forget that the 3.2% cost-of-living adjustment (COLA) raise from last year is already built into these monthly payments.
When their main source of income suddenly leaves, a lot of families worry about how they will pay their bills. The government backs the Retirement, Survivors, and Disability Insurance (RSDI) program, which gives money to eligible people and families.
If an accident stops you from going back to work after retirement, RSDI benefits might help you make up for lost income. If a family member dies while getting money or benefits because of a disability, they may also be able to get RSDI payments.
Retirees will get their Social Security payment for October in hours
Based on the SSA’s payment plan, all retired workers who started getting monthly benefits after May 1997 and were born between November 11th and December 20th will get an extra payment today.
Because the Social Security Administration has to send out millions of checks, they use a method called “staggered payments” that is based on the beneficiary’s birth date. For instance, retirees will get their money this month on the following days:
October 9th (Second Wednesday). On this day, the SSA usually delivers monthly payments to retired Americans whose birthdates fall between the 1st and the 10th
October 16th (Third Wednesday): On this day, the SSA usually delivers monthly payments to retired Americans whose birthdates fall between the 11th and the 20th
October 23rd (Fourth Wednesday): On this day, the SSA usually delivers monthly payments to retired Americans whose birthdates fall between the 21st and the 31st
Beneficiaries get different amounts based on a number of factors, including the program they are qualified for.
For example, a retired worker’s monthly payment will be based on their full retirement age (FRA), their work experience, and the amount of money they have put into the system over the last 35 years.
The amount that living spouses get also changes based on how many children they have left behind or if they are single.
Based on the Social Security payment rules, the following are the benefits that retired workers and survivors will be able to get from Social Security in 2024:
| Social Security payment | Retirement benefits | Survivors benefits |
| On average | $1,900 | $1,505 |
| Other payments | Age 62: $2,710
Age 67: $3,822 Age 70: $4,873 |
Individual: $1,773
2 Children: $3,653 |
Other beneficiaries will also get their Social Security payment today
In addition to retired workers, people who have lost a loved one or are crippled will also get their monthly checks today. People who want to be eligible for the death benefit program must first meet the following requirements:
- When a widow or widower attains full retirement age (and, in some situations, age 60 or 50),
- Widows or widowers caring for disabled minors under the age of sixteen
- Unmarried children under the age of 18 (or older, in some situations).
- Grandchildren, stepchildren, and adoptive children may also be eligible.
- Children with impairments whose parents have a poor income and limited resources
- Divorced couples who are at least 60 years old (or 50-59 if disabled) or have been married for at least ten years.
Americans who are disabled and want to get Social Security Disability Insurance (SSDI) must have paid into Social Security before they got crippled and meet the following requirements:
- Have reached the age of eighteen or older
- They are not eligible for a Social Security payment from the retirement program
- Are not working because of a health condition that is projected to endure at least one year or result in death.
- Have not experienced rejection in the previous 60 days
