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Social Security: who receives their payment on June 17?

social-security:-who-receives-their-payment-on-june-17?
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By The Opinion

Thousands of Social Security beneficiaries are still paying attention to the June payment schedule. Following deposits sent at the beginning of the month and the first payment of the Wednesday cycle, Now a new key date is approaching for those who depend on these federal benefits. If you haven’t received your money yet, your deposit may be scheduled for next week.

The Social Security Administration (SSA) will continue with the distribution of benefits Wednesday June 17. that day Beneficiaries whose birthday is between the 11th and 20th of any month of the year will receive their payment..

This group is part of the more than 71.1 million Americans who receive benefits administered by the SSA. As is the case every month, the agency organizes retirement, disability and survivor payments using a calendar based on beneficiaries’ birth dates.

The June 17 deposit corresponds to the second group of the so-called Wednesday payment cycle. Before them, beneficiaries born between the 1st and 10th received their money on June 10th. Subsequently, the last group will collect on Wednesday, June 24, a date reserved for those born between the 21st and 31st of any month.

It is important to remember that Some people receive benefits using someone else’s work history. This may occur in certain cases of spouses or survivors. When this happens, the SSA looks at the date of birth of the person whose work history generates the benefit and not the date of birth of the beneficiary receiving the payment.

Social Security payment schedule for June

The distribution of benefits during June was organized as follows:

Born between the 1st and 10th of any month: June 10.
Born between the 11th and 20th of any month: June 17.
Born between the 21st and 31st of any month: June 24.

This schedule applies to most retirement, disability and survivor beneficiaries.

In addition to the scheduled deposits on Wednesdays, the SSA already made other payments during June. On June 3, retirees and long-term beneficiaries who began collecting Social Security before May 1997 received their benefits.. For this group, the date of birth does not influence the distribution schedule, since their deposits are made at the beginning of each month.

Likewise, there is a group of people who receive both Social Security benefits and payments from the Supplemental Security Income (SSI) program. In these cases, the SSI deposit was sent on June 1, while the Social Security payment arrived on June 3.

How much money do the beneficiaries receive?

The amounts vary depending on the type of benefit and the work history of each person.. However, the most recent SSA data shows the following monthly averages:

  • Retirement benefits: $2,026.41 dollars.
  • Disability benefits: $1,493.20 dollars.
  • Survivor benefits: $1,625.56 dollars.

The final amounts may be higher or lower, since the agency considers factors such as income obtained during working life and years of accumulated contributions.

How does SSA send payments?

Recently, SSA announced that it will fully transition from paper payments to electronic deposits this yearin compliance with an executive order signed by President Donald Trump in March of last year.

In this sense, Beneficiaries can receive their benefits through direct deposit into a bank account. Those who need to update their financial data can do so through the “my Social Security” digital platform, available on the official SSA portal.

Another alternative is the Notify Yelp carddesigned specifically to distribute federal payments. This option allows you to receive benefits without having to have a traditional bank account.

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