If you live in the United States, are 62 years old, and have just retired, you should know that the Social Security payment schedule for February has some surprises in store when the checks are mailed. While it is true that the schedule follows the usual rules, the truth is that some retirees will be paid later.
Likewise, some other retirees will have their payments accelerated. This can be a huge advantage when you consider that some companies’ bills may arrive at the beginning of each month. No matter what type of retiree we are, be it 62, disability or some other type, the payment will be in our pocket.
What we need to keep in mind is how Social Security divides the groups to send the payments, and from there, mark on the February calendar when we might have the money available. With just a quick glance at this payment calendar, we will have everything much more organized and be able to enjoy our golden years in a much more comfortable and happy way.
What is the Social Security retiree payment schedule for February?
Overall, we find a very clear irregularity compared to the usual calendar. But we also notice that the rest of the payments arrive a week later. We should keep in mind that payments for retirees after 1997 are always made on the second, third and fourth Wednesday of each month. And that usually coincides with the second, third and fourth weeks, but not in this month of February.
Let’s take a step-by-step approach to better understand the situation. The Supplemental Security Income payment is unchanged in February. This means that those Americans who receive this benefit and have Direct Deposit enabled will be able to cash a check on the 1st. That aside, let’s move on to retirement checks.
The normal cashing day for pre-1997 retirees is the 3rd of each month. However, in February, this payment will be moved to an earlier day. So on February 2nd we will be able to get the money just by meeting this requirement. If we add to that the activation of Direct Deposit, we will find the money in the current account on the same day of sending. This is undoubtedly very good news.
However, post-1997 retirees will have to wait a little longer to receive their check for the month. Because February starts on a Thursday, beneficiaries in this group will have to wait an extra week to receive their first check. The payment days will be the 14th, 21st and 28th. Each of these payment dates has other requirements in addition to retirement after 1997:
- February 14th. The retiree must have a birthday between the 1st and 10th of the month.
- February 21st. Retirees with birthdays between the 11th and 20th are paid on this day.
- February 28th. Any beneficiary with a birthday between the 21st and the 31st can receive the money on this day.
Knowing all of this information will allow us to have complete control over what will happen with Social Security payments in the month of February. Keep in mind, however, that any retiree who does not activate Direct Deposit will have to wait a few days to receive a check because the money does not appear in the bank account immediately with this collection method.