For any citizen of the United States, knowing the Social Security payment schedule is very important. If we keep track of this information, we can have total control of our household finances, since we can know exactly what day Social Security will pay us our check.
Fortunately, the Social Security Administration always pays checks on the same days and following a pattern. With this pattern, we will be able to set on our calendar on what day we will receive our retirement benefit. It is very easy to know, since the pattern is repeated every month.
In order to know on which day we will receive our next Social Security payment we only need to know our birthday. Therefore, depending on our date of birth we can collect the benefit earlier or later.
What is important to remember is that Social Security sends money every month to all retirees, regardless of their date of birth. But keep in mind that not all retirees receive their money on the same day.
The retirees are divided into three different groups. On the one hand, there are pensioners born between the 1st and 10th of the month. On the other, there are pensioners born between the 11th and 20th of the month. Finally, there are pensioners with birthdays between the 21st and 31st of the month.
Knowing this information, it is very easy to know whether we are in group 1, group 2 or group 3. Each of these groups will receive their payment in the second, third or fourth week of the month.
Who receives the next Social Security payment?
The next Social Security payment will be on February 22. This means that the third group of retirees is the one who will collect the benefit. This is because it is the fourth Wednesday of the month, as well as the last Wednesday of the month.
The rest of the group of retirees should have already received their benefits in the previous weeks. The Social Security Administration paid checks for retirees born between the 1st and 10th of the month on the 8th of February.
For retirees born between the 11th and 20th of the month, the Administration paid the checks on February 15th, 2023. Therefore, as of today, millions of retirees in the first and second groups already have their benefits available.
Retirees in the latter group must wait until next week to cash the cheque. And remember that it is not necessary to have a specific type of benefit. Any Social Security pensioner with an accepted benefit will receive their check on February 22th. As long as their birthday is between the 21st and 31st of any month, of course.
In the rest of the following months the payment follows the same order. Thus, retirees receive cheques on the second, third and fourth Wednesday of the month. The exact day depends on the date of the birthday, as mentioned above. Each group of retirees receives their benefit on one of these days and following the order is easy.
Remember to activate Direct Deposit to receive your monthly checks immediately. Otherwise, we may have to wait up to 3 days to receive the money in our pocket.