Which pensioners will receive a payment of $4,500 in the week of May 15-19?
The Social Security Administration is continuing to give out monthly payments. Which pensioners will receive a check for $4,500 for the week of May 15-19?
Every month the Social Security Administration issues millions of payments to its beneficiaries, who are mostly retired workers.
The payment date depends on the date of birth of the beneficiary in question. Those born from the 1st to the 11th receive the check on the second Wednesday of the month, those from the 11th to the 20th on the third Wednesday, and those from the 20th to the 31st on the last Wednesday of the month.
Supplemental Income recipients and those who retired before May 1997 are not eligible for this scheme since they receive payments during the first days of the month, regardless of their date of birth.
The amount to be received will also depend on the beneficiary. In the case of retirees, various aspects will be considered, among them the years worked, their salary and the age at which they requested their retirement.
According to the SSA, in 2023, the average retiree pay is $1,827 per month. However, there are those who are eligible for the maximum benefit of $4,555.
Which pensioners will receive a payment of $4,500?
To be eligible for the maximum Social Security benefit of $4,555 dollars, you must have worked a minimum of 35 years and earned the salary cap for each of those 35 years, in addition to choosing the right age to retire; in this case, at 70.
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Who will receive a payment of $4,500 in the week of May 15-19?
Taking into account the way in which the payments are distributed as well as the requirements to reach $4,555 per month, here is the payment schedule for the month of June:
That said, the pensioners who will receive a payment in the week of May 15 to 19 are those with a date of birth between the 11th and 20th.