Next June 12th, 2024, the Social Security Administration will send out the new check for United States retirees. This new check will feature an increase over previous years’ June payments. And that is that the COLA has increased the checks to a figure of $4,873.
However, this check is not for all United States beneficiaries with a Social Security payment. In order to obtain this monthly payment, it is mandatory to pass two filters. The first of these filters is to have a retirement benefit since after May 1997. The second filter is to have a birthday between the 1st and 10th of any month. It does not matter the year of birth or the month of birth, but only the exact day.
There is no extra requirement for the Administration to send us this check. However, in order to obtain the benefit on the 12th of June we will need to have Direct Deposit activated. This collection method is the fastest of all, since the benefit money appears the instant it is sent by the Administration.
Those Americans who are not eligible for this day can get their retirement payment in the next few weeks. Likewise, if we do not have Direct Deposit activated but we do belong to this group, the money will appear in the days following the payment. It is also good to remember that the amount we collect does not affect the day we get the money. So we can get either the maximum of $4,873 or any other amount from the Social Security Administration in June 12th.