Millions of Americans will be able to receive Social Security Administration (SSA) benefits for the month of September.
In this sense, the Social Security Administration has the mission of sending their benefits to retired workers and survivors each month.
Similarly, it also sends disability benefits, including Social Security Disability Insurance (SSDI) and Supplemental Security Income (SSI).
For Supplemental Security Income (SSI) payments, these are sent out on the first day of each month. Here it should be noted that if this first day of the month falls on a Saturday or Sunday, the payment is advanced to the last Friday of the previous month.
For its part, the third day of each month is the date designated for beneficiaries who receive their payments before May 1997.
In addition, if the third day falls on a weekend, the payments are also advanced. The rest of the checks are sent on Wednesdays, according to the date of birth of the recipients.
Therefore, retirees with a date of birth between the 1st and 10th receive their money on the second Wednesday of the month. Those beneficiaries born between the 11th and 20th receive it on the third Wednesday. Finally, retirees born between the 11th and 20th will receive their payment on the fourth Wednesday. between the 21st and the 31st.
So how much is being sent monthly in 2023?
The average payments of retirees in this 2023 increased to approximately $1827.00 USD as revealed by the SSA in January.
In this sense, the maximum benefit for those who retire at age 62 is $2,572.00 USD per month. While workers who retire at full retirement age (67 years) obtain $3,627.00 USD.
Finally, those who retire at age 70 or older receive $4,555.00 USD monthly.
Regarding Supplemental Security Income (SSI), the average payments of the beneficiaries represent about $650.00 USD per month.
On the other hand, the maximum monthly SSI benefit is up to $914.00 for an individual and $1,371.00 for a married couple. In the latter case, both spouses must be eligible for the program.
