In a few days, the Social Security Administration (SSA) in the United States of America will distribute to its users the payments corresponding to the month of June.
The stipend for Americans retired from labor functions increased to $146.00 USD this year.
This increase is due to the Cost of Living Adjustment (COLA) which establishes an average payment of $1827.00 USD. The highest amount of these contributions is estimated at $4555.00 USD.
There are a few things that affect the amount of dollars that SSA-dependent Americans bring in. Among the factors that affect the payment, is the retirement age and the total number of years worked by the person.
The recommended ages to retire
Citizens who served in any of the 24 nations with professional contracts with the United States are also taken into account by the SSA. The government agency informs that those interested in knowing the characteristics of the payments should consult the website.
However, the SSA shares two of the main components that determine an applicant’s eligibility. The first requirement taken into consideration is the person’s retirement.
The second aspect that is reviewed is the employee’s full age at retirement, which ranges between 66 and 67 years. Workers who want to continue carrying out their tasks until an age above the recommended age will have the right to a higher remuneration.
Every month, SSA payments are delivered on Wednesday of the second, third, and fourth week. The retired population will get their checks according to birth calendars.
The first date to collect in June will be the 14th and those who celebrate an anniversary will have access, from the 1st to the 10th of each month. On June 21, those born between 11 and 20 will enter their salary. Finally, those born between 21 and 31 will receive their salary on June 28.
