In just a few hours the Social Security Administration will send a new check to beneficiaries in the United States who meet certain conditions. If you are a Group 3 retiree, you can have up to $4,555 in your pocket very soon.
However, if you do not meet these requirements you will have to wait to get the payment on another day. Moreover, it is possible that the Administration has already sent your check if you are in groups 1 or 2 of beneficiaries. This will be the third retirement check sent by the Administration in the month of December.
Therefore, it is possible to get this check only if we fulfill the conditions. In the case of not fulfilling the conditions, we have to look at which group of retirees we belong to. Depending on the group we belong to we will get the benefit earlier or later.
So pay attention to the conditions to determine if the check will arrive in the following hours or not. If yes, you will be able to get a check for up to $4,555. If no, you should wait a little while or claim the payment if the Social Security Administration has already sent it to you.
HOW TO GET YOUR SOCIAL SECURITY PAYMENT IN THE NEXT FEW HOURS?
In order to get the new Social Security check it is necessary to meet three requirements. These three filters will determine whether or not a citizen can get the new payment that will arrive in just a few hours. While it is true that there are three filters one of them is not mandatory, but it does facilitate the arrival of the check on the same day of mailing.
The three requirements to get the payment of up to $4,555 in the next few hours are:
- Have a Social Security benefit since after 1997.
- Have a birthday between the 11th and 20th of any month.
- Have Direct Deposit activated.
If we meet the first two requirements, the Social Security Administration will send us the payment on the next December 20th. If we meet the third requirement we will be able to have the payment on the exact same day. Those who do not meet the third requirement will have to wait a little longer to have the money available.
WHY THIS NEW CHECK DOES NOT CARRY THE COLA OF 2024?
The reason it does not carry the 2024 COLA increase is because this will be the last Social Security check of 2023 for this group of retirees. And since it belongs to the 2023 schedule it cannot carry the 2024 COLA.
However, after this payment there are no more for the particular group, so the next check this group will get will be in January and it will indeed carry the COLA. Still, the COLA will depend on the check currently cashed by each citizen.
The maximum will reach $4,700, but that does not mean that all Americans will have this amount. It is possible to have much less money on a monthly basis. To your current check you must add 3.2% to get the final retirement figure in the coming year.