One of the things that works best throughout the United States is the Social Security payment system. With the schedule that the Social Security Administration announces at the beginning of each year, beneficiaries can know on what day payments will be sent. This makes organization in all households better and more secure.
In the event that we receive a monthly Social Security benefit we may already know on what day we will receive our next check. However, what not all recipients take into account is that that check could arrive late if we don’t activate an option. Receiving the check immediately is possible, but otherwise we will have the check late and that is a big disadvantage.
So pay attention if you already cash a Social Security check and activate this cashing option as soon as possible if you don’t want your money to be late. Best of all, once you activate the option you won’t have to do it again, unless you change banks. In that case you would have to change the information a little bit, but that’s all.
How to prevent Social Security from arriving late?
As far as sending Social Security payments, there is no need to worry about the Administration sending them late. The payment schedule is always the same and the Administration never sends these benefits late. However, it is possible to receive them late depending on the collection method you have activated.
In order to avoid any delays with the mailing of Social Security checks, it is necessary to activate Direct Deposit. This collection method is the fastest and most effective. It is not only used to receive pension checks, but also for other federal payments such as IRS Tax Refund.
When is the next pension payment?
April 26, 2023 is the next pension payment. It is also the last payment retirees will receive from the Social Security Administration this month. Therefore, if you are not in the group of the beneficiaries of this check you will have to wait until May to receive the next of the payments.
So if you have Direct Deposit on the same day you can get your new Social Security check. This is a great advantage because you won’t have to wait a day for the benefit to arrive in your pocket. This will make it much easier to organize at home and will make retirees have a better social welfare.
Social Security Payments in May
After the April 26th Social Security check payment comes the May calendar. In this month, pensioners will receive payments on several different days. Each of these days is for a certain group of pensioners.
In this case, these are the retirees collecting checks in May and the exact days:
- May 1st. Supplemental Security Income payment.
- May 3rd. Retirement for beneficiaries with a benefit prior to 1997.
- May 10th. Post-1997 retirees with birthdays between 1-10.
- May 17th. Pensioners with a post-1997 Social Security check who have a birthday between the 11th and 20th of the month.
- May 24th. Last payment from the Administration in May. Retirees with birthdays between the 21st and 30th of the month receive this payment if they applied for retirement after 1997.
Now that you know the complete May calendar, you can organize next month’s expenses. Also, remember to activate Direct Deposit and get your payment exactly when the Social Security Administration sends it.