Here are the average and maximum Social Security benefit amounts for June 2024: Key dates for benefit distribution

The Social Security Adminstration (SSA) has started distributing payments to more than 67 million beneficiaries.

Those who receive Supplemental Security Income (SSI) and have received Social Security since May 1997 or earlier have already been paid the Social Security Adminstration. SSI beneficiaries saw their payment distributed on Friday, 31 May, as the 1st of June fell on a Saturday.

The payment schedule for the rest of June looks like this:

Most notably, individuals scheduled to receive their payment on Wednesday, 18 June, will be paid a day earlier on 18 June, as the 19th is a federal holiday, Juneteenth.

What are the maximum Social Secuirty and Supplemental Security Income benefit amounts for June?

The average Social Security payment for a retired worker in April was $1,915.26. Meanwhile, for SSI, the average benefit amounts vary based on different age groups:

There are a few factors to consider when determining the maximum Social Security and Supplemental Security Income payments.

Social Security is not a means-tested program, with the value of benefits dependent on a worker’s income throughout their career and the age at which they decided to exit the workforce. Higher benefits are made available to those who wait to retire. Benefits can begin to be claimed at sixty-two, but for most workers, their Full Retirement Age is 67. If one waits to retire, their benefits could balloon between twenty and thirty percent. However, those who wait until 70 can receive an additional boost. For those who wait until 70 and meet the highest income thresholds, $4,873 is the maximum benefit that can be received.

For Supplemental Security Income, for all recipients, the maximum benefit is $943 for individuals and $1,415 for a couple. “Your amount may be lower based on your income, certain family members’ income, your living situation, and other factors,” reports the SSA. For more details, see the SSA website, which explains the ways in which various forms of income lower one’s SSI benefit amount.