The United States Social Security payment system follows a set schedule every month. This schedule divides retirees into up to 4 different groups. Each of these groups is composed of retirees with specific requirements.
For this reason, in order to know the day on which we will receive our Social Security benefit, we will need to know exactly how the group system works. Do you know how retirees in the United States are divided?
It is very easy to know the requirements to belong to one group or another. And the best part is that the two elements that make us belong to a Social Security group are already established elements that cannot change.
On the one hand, we have the requirement related to the year of retirement. On the other hand, we have the birthday requirement. This is how Social Security payments are set up in the United States.
SOCIAL SECURITY RETIREE GROUPS
There are a total of 4 different Social Security groups. Each of these groups has set requirements, as we have already discussed. In addition, we can group these groups into two large groups.
The first large group is the group of beneficiaries with a benefit prior to 1997. This group always gets payment on the 3rd day of each month, with minor exceptions. When the 3rd day of the month is a holiday or weekend, the check arrives on the immediately preceding business day.
On the other hand, there is the second group. This other group is that of beneficiaries with a benefit after 1997. This second group is divided, in turn, into three different groups. So we are talking about Social Security Administration having four different groups.
These three groups of post-1997 beneficiaries are paid on different days of the month. To be exact, they get their benefit on the second, third and fourth Wednesday of each month, regardless of the day the month starts.
Therefore, the next of the collection days is the third Wednesday of the month, which means that it is the second group of post-1997 retirees who get checks. To belong to this group, in addition to meeting this requirement, it is necessary to have a birthday between the 11th and 20th of the month.
This is the next payment date, but there are more payment days. In order for you to see this scheme clearly, let’s see the division of the groups:
- Group 1. Pensioners prior to 1997. Always on the 3rd day of the month, except for exceptions.
- Group 2. Beneficiaries after 1997 with birthdays between the 1st and 10th of the month. They get their Social Security on the 2nd Wednesday of the month.
- Group 3. Post-1997 retirees with birthdays between the 11th and 20th. Collection day is the 3rd Wednesday of the month.
- Group 4. Post-1997 beneficiaries with birthdays between the 21st and 31st of the month get their check. Social Security sends this payment on the 4th Wednesday of the month.
Just by keeping this schedule in mind we will be able to know what day we will get each of our Social Security payments. So check your payment day and requirements to find out when you will receive your benefit.