In order to know perfectly if we will receive the next Social Security check, it is necessary to know the payment schedule of the United States Pension Administration. Knowing this data we will be able to know if the next check is for us or not. Regardless of whether we have a retirement since age 62 or not, the Social Security check could be for us.
Neither the type of retirement nor the age of retirement matters. However, the year of retirement does matter in order to determine on what day we will collect our Social Security benefit each month. One of the great advantages of starting to collect our pension is undoubtedly that we know the exact day or at least we can find out if we check the calendar.
In addition to all this, we have to add that the Social Security payment days are up to 4 different days per month. The next of the payments will be on the 17th day of May 2023 and it is not for all Americans, but only for a group of them. Also, keep in mind that the day marked on the calendar indicates the day on which the Administration sends the money. Receiving it on the same day will depend on whether we have activated the appropriate collection method.
Who will receive the new May Social Security payment?
Only beneficiaries who are part of a specific group of retirees can receive the next Social Security check. In order to be eligible for this benefit, two requirements must be met:
- Be born between the 11th and 20th day of any month.
- You must be a retiree after 1997.
You cannot meet only one of these requirements. It is essential to meet both of them in order to determine that the next payment day is the day of our Social Security payment. It is not possible to have a benefit prior to 1997 and receive a check on a day other than May 3. So if your retirement is prior to that year, you probably already have this month’s money in your pocket.
How can I receive my pensioner’s pension faster?
There are two main ways Americans have available to receive a Social Security check. Whether it is the Supplemental Security Income or the disability or age pension, it is possible to receive a check immediately. All we have to do is choose the right collection method. Here are the two available methods and their characteristics:
- Bank account deposit. This method is the slower of the two. However, it is also an efficient and secure method. It can take up to 3 days for the money to appear in our pocket.
- Direct Deposit. The Social Security money will appear immediately in our bank account if we activate this method of payment. We won’t have to wait a single day to receive the money thanks to Direct Deposit.
By adding Direct Deposit to your Social Security payment schedule, you have complete control over the day you receive your money.