June 12th, 2024 will be a very important day for thousands of United States Social Security beneficiaries. On this day, which is very close on the calendar, eligible retirees will have a retirement check with a higher payment than in previous years.
And that’s because the 2024 COLA has increased retirement payments by 3.2%. This means, without a doubt, that any beneficiary with a Social Security benefit can get a little extra money in every month this year.
The payment will appear only for post-May 1997 retirees with a birthday between the 1st and 10th of any month. Certainly meeting those requirements can be good news when you consider that the Social Security retirement payment can be as much as $4,873.
Who gets the next June 12th Social Security check?
Social Security’s June 12th check, with a maximum payment of $4,873, will go to all beneficiaries who meet two requirements. These two requirements are related to the year of retirement and the day of birth.
Therefore, as we said before, we must control two pieces of information:
- Have the benefit since after May 1997.
- Have a birthday between the 1st and 10th of any month.
This is the only way to get the Social Security payment for June 12th. Of course, we must activate Direct Deposit if we want to get the payment on the same day it is sent. Otherwise, we will have to wait about three days to have the check available in our checking account.