The first round of Social Security, for those born between the 1st and 11th of the month, will be launched on Wednesday, April 12. Three payments are made to retirees each month, but each person only receives one payment that coincides with the 10-day block of the month they were born, according to the SSA schedule.
The amount of money each recipient receives depends on the recipient’s age at retirement.
The top payout is worth $4,555 a month and goes to people who retire at age 70. Recipients who retire at age 67 receive a maximum check of $3,627, and anyone who retires at age 62 receives up to $2,572, according to the SSA.
Second round of payments – Social Security
The second round of payments will be launched on April 19 and will apply to people born between the 11th and 20th of the month.
The last payment for April will be paid on April 26 and will apply to those born between the 21st and 31st of the month.
- 1 payment: April 12
- 2 payment: April 19
- 3 payment: April 26
The amount of money received is based on the recipient’s earnings while they were still alive. To receive the payment, those eligible must apply for benefits through the Social Security Administration website or contact their local SSA office.
The current retirement age is 67, but people can take early retirement at 62 or delay retirement until age 70.
People could see their payments drop if Congress doesn’t specify how the program will be funded by 2037. Discussions about the future of Social Security have been going on in Congress for years, with a pair of bipartisan senators recently proposing to raise the retirement age to 70.
Whatever happens, the main thing now is that in days we could get next retirement check. Social security will arrive to millions of Americans really soon so we have to be ready to receive it.