Retirees to Receive Social Security Payments Up to $4,873 in Hours

According to Vibes.okdiario , The Social Security Administration is set to issue another round of payments this December, bringing good news for eligible retirees and Social Security Disability Insurance (SSDI) recipients. This new payment will be made on December 11, 2024, with amounts reaching as high as $4,873 for those who qualify, though the average check will be around $1,927.

Date and Eligibility for Social Security Payments

To receive the payment on December 11, 2024, retirees must meet certain eligibility criteria:

• You must not have started collecting Social Security benefits before May 1997.
• You should not be receiving Supplemental Security Income (SSI).
• You must remain eligible for Social Security retirement benefits.

For eligible retirees born between the 1st and 10th of any month, this payment will be issued on December 11.

SSDI and Social Security Retirement Payments

Retirement benefits can vary widely depending on your work history and when you began collecting benefits:

• The highest possible payment for retirees, based on a lifetime of high earnings, can reach up to $4,873 for those who worked and earned the taxable maximum for 35 years and filed at age 70.
• Most recipients, however, will receive payments closer to the average amount of $1,927.
• If you filed for Social Security at age 62, you could receive up to $2,710 per month, while those who filed at full retirement age can expect payments up to $3,822.

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If your Social Security payments are lower than expected, you may also be eligible for Supplemental Security Income (SSI), which can provide additional financial support.

Other Social Security retirement checks will be issued on December 18 and 24, 2024, for recipients with different birth dates. Be sure to check your eligibility and payment schedule to avoid any delays.