Direct payments of $914 from Social Security on June 30: who will receive it?
The Social Security Administration continues to mail payments for the month of June. Here are the beneficiaries who can expect to receive $914 on June 30.
Each month, the Social Security Administration sends monthly benefits to retired workers. In addition, the SSA is responsible for remitting Supplemental Security Income program payments, as well as disability and survivor benefits.
The SSA continues to send monthly payments for June. Here’s who will receive up to $914 by the end of this month.
Monthly Social Security Checks: Amounts in 2023
This 2023, thanks to the 8.7% increase in the COLA, the average payments of retirees increased to $1,827, the SSA revealed in January. The maximum benefit for those who retire at age 62 is $2,572 per month; $3,627 for those who retire at full retirement age (67), and $4,555 for those who retire at age 70 or later.
Meanwhile, average Supplemental Security Income payments are about $550 per month. The maximum monthly SSI benefit is up to $914 for an individual and $1,371 for a married couple where both spouses are eligible for the program.
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These monthly amounts are only approximate and vary from one beneficiary to another depending on various factors. We explain in more detail how beneficiary payments are calculated.
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Direct payments of $914 from Social Security on June 30: who will receive it?
Generally, SSI recipients receive their payments on the first day of each month. However, on some occasions they also receive them on the last day, if the first day of the following month falls on a Saturday or Sunday. If this happens, payments are advanced to the previous Friday. This happens in July.
Because the first day of July falls on a Saturday, the SSI payment for that month is mailed on June 30. That’s why SSI recipients receive two payments in June, but none in July, since they would have been sent earlier. The first June SSI payment was sent out at the beginning of the month.
Since SSI recipients will not receive a payment in July, here are the Social Security payment dates for next month:
- July 3: Payees who started receiving their payments before May 1997
- July 12: Beneficiaries with a date of birth between 1 and 10
- July 19: Beneficiaries with a date of birth between 11 and 20
- July 26: Beneficiaries with a date of birth between 21 and 31