The Social Security payment schedule in the United States follows previously established regulations and dates. Each year, payments are distributed according to the group to which the beneficiaries belong, and these groups are determined primarily by the month of birth of each retiree. Payment is made according to the stipulated cycle, which ensures that all retirees get their checks in an orderly manner.
In the month of October, there are retirees who will not get additional payments until November. These include those in Groups 1, 2 and 3. Each group has specific characteristics that determine when they get their checks and the associated requirements.
Groups that do not get additional payments in October
Retirees in groups 1, 2 and 3 will not get additional payments in the month of October. These groups have specific dates allotted to get their payments in the following months. The following are the requirements for each group:
- Group 1: Pensioners with a pensioner’s pension prior to May 1997.
- Requirement: To have started getting the pensioner’s pension before that date.
- Group 2: Pensioners with a pensioner’s pension after May 1997, with a birthday between October 1st and October 10th.
- Requirement: Have started to get the pensioner’s pension after May 1997 and have a birthday on these days of the month.
- Group 3: Pensioners with a pension after May 1997, with birthdays between October 11th and 20th.
- Requirement: Have started getting the pensioner’s pension after May 1997 and have a birthday on these days of the month.
Although these groups will not get payments in October, it is important to remember that Social Security follows a strict schedule to ensure that all retirees get their payments in an orderly and timely manner.
Who gets the last payment in October?
The last October payment will be made on October 23rd. This payment is for Group 4 retirees, which includes those whose birthday falls between the 21st and 31st of October. This group has a scheduled payment that will be the last of the month.
Retirees in Group 4 must meet certain requirements to get their payment, including:
- Requirement 1: Be a pensioner with a pension after May 1997.
- Requirement 2: Have a birthday between the 21st and 31st of October.
This payment will be the last one in October, and although the amount may vary depending on the situation of each retiree, it is estimated that the average payment is close to $1,800, depending on the years of contribution and other factors specific to each beneficiary. Even so, the maximum payment will be $4,873 through the end of 2024, and in January the 2025 COLA will be implemented.
