If you have a United States Social Security benefit, you should know that the retirement payment schedule begins tomorrow. It is true that in the month of May the Administration has already sent a check, but that check is not for retirees but for a different group of beneficiaries.
So if you have a retirement you are still in time to get it in this month of May. Pay attention to the requirements for each of the Social Security retirement payments and find out on which day of the month you can get your benefit money.
Even though tomorrow is the first payment of the month, this does not mean that all beneficiaries will get their payments on the same day. The Social Security Administration sends up to 4 different checks to retirees. So if we don’t get the money on one day we will get it on a different day.
The important thing to keep our finances under control is to know which group of retirees we belong to. Knowing this, we can mark on the May calendar on which day of the month we will get the money or at least when the Social Security Administration will send it.
Who gets the new May Social Security payment?
Beneficiaries who meet one requirement can get the first of the May 2024 Social Security payments. This requirement is that you have had a benefit since before May 1997. There is no other requirement to be part of this group of retirees, but the method of collection may determine whether we get the money earlier or later.
Thus, the remaining retirees, i.e., those after May 1997, get their check a few weeks later. The payment days for this group will be May 8th, 15th and May 22nd. Retirees in this group have to meet another extra requirement to get payment on each of these days.
In addition to having a check from before 1997, to get payment on the 8th day it is necessary to have a birthday between the 1st and 10th of any month. Similarly, the 15th payment is for beneficiaries with birthdays between the 11th and 20th. Finally, Social Security sends May 22nd checks to those with birthdays between the 21st and 31st of any month.