Only United States Social Security beneficiaries who are part of retiree group 2 can access the new retirement check. However, the type of retirement is not relevant for this payment. So just having a retirement payment is enough if what we are looking for is to have the new check next June 12th, 2024.
In addition, this Social Security payment will come with a little extra money due to the 2024 COLA. This COLA started taking effect last January, which means we can already know what the check amount is on this next retirement payment. The check will be 3.2% higher than in last year’s June payment.
Also, the amount does not matter in determining whether we will get the new Social Security payment or not. Thus, if we have a check for the maximum of $4,873 or an average payment of about $1,800 we can still get this check. What matters in this case is only being part of retiree group 2 and there are two requirements to belong to this group.
Requirements for the next Social Security payment
Retiree group 2 is made up of beneficiaries who have a benefit after May 1997. Likewise, it is also essential to have a birthday on specific days. So check well the conditions if you think you can have access to this new June 12th Social Security payment.
The two exact requirements to get this payment are:
- Have a retirement benefit from a date after May 1997.
- Have a birthday between the 1st and 10th of any month.
And there are no further requirements to be eligible to obtain this new retirement check. Just meeting both requirements is enough to be eligible to get this new benefit. However, in order to receive the money on the same day of the collection it is necessary to activate Direct Deposit.
If we have not activated Direct Deposit, the benefit money will not appear on the same day of June 12th, but we will have to wait a few days until it is finally available. In any case, it is important to meet both of the above-mentioned requirements in order to mark on the calendar the day the Social Security will be sent. Whether or not you will get it immediately will depend on the collection method.