Thousands of United States citizens with a Social Security retirement benefit may be getting a new check very soon. The February payment schedule is almost over, but that doesn’t mean we won’t have access to a new payment. The next such payment will be the last one this month.
And only a specific group of Americans can get this last payment for February. So if you are part of this group of Americans you will have access to a check for up to $4,873 in just a few days. You just have to check a few pieces of information and you will know if you have the new check or not.
The payment day will be next February 28th. On this day we will get a new benefit with a maximum check of $4,873 for retired workers and $3,822 for Social Security Disability beneficiaries. Of course, the amount of our check does not change on the day of the month in which we collect it.
Who gets the new Social Security up to $4,873?
As we have already mentioned, the day the Social Security Administration will send this new check will be February 28th. After that day we will not have any more payments this month, so we will have to wait until March.
In order to be eligible for the February 28th payment we have to meet two requirements. These are the requirements to be part of group 4 of American retirees:
- Have the benefit as of May 1997.
- To be between the 21st and 31st birthday.
And there are no extra requirements to be part of the group. Therefore, if we meet both requirements, the Social Security Administration will send us a check on this day. The rest of the retirees should already have the money in their checking account, since this day is the last payment of the month.
How to get your retirement faster?
The day we get each of our Social Security payments can be changed slightly if we choose the fastest collection method. In the case of choosing Direct Deposit, the money will appear immediately at the time the Administration sends the payment.
However, the day the payments are sent cannot be changed. This means that if we belong to group 1 we will always collect on the day group 1 collects. We cannot change to group 2 or 4, for example.
So knowing what the groups and their characteristics are, it is easy to organize the economy of a pensioner’s home. We should mark on the calendar on which day Social Security sends the money and check our collection method.