Two Remaining Social Security Checks to be Issued in May, Totaling Over $6,000

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ICARO Media Group
Politics
20/05/2024 19h26

Title: Two Remaining Social Security Checks to be Issued in May, Totaling Over $6,000

According to the Social Security May 2024 Payment Schedule, retirees are set to receive their final benefit payment in the next 3-4 days. This announcement brings relief to the nearly 53 million retired workers and their dependents who rely on these monthly benefits to meet their basic necessities and enjoy their retirement.

The Social Security Administration (SSA) has confirmed that there are still a few planned payments to be sent out this month, totaling more than $6,000 over the course of the next two weeks. These payments will be received by a select number of pensioners and Supplemental Security Income (SSI) beneficiaries who fulfill the Social Security May Check 2024 Eligibility Requirements.

It is notable that the SSA disburses millions of dollars in benefits each month to retirees, survivors, individuals with disabilities, and those who meet the requirements for SSI. In May, disability benefits will continue to be paid out, with an extra check payable on May 31. This additional check serves as an advance payment due on June 1.

However, it is important to mention that not all recipients of disability benefits, including those receiving SSI, received checks in May. While some individuals received their payment checks in the first week of May, there are still two more payments to come.

Retirees born on the 21st and 31st of the month can expect to receive two more Social Security benefits before the month ends. On average, retired workers receive $1,900 in benefits each month, though the specific payment amounts may vary based on individual circumstances. For instance, senior citizens who chose to start claiming benefits at age 62, before reaching full retirement age (FRA), may be eligible to receive a maximum of $2,710. On the other hand, those who continue to claim benefits until they reach FRA have the option to receive up to $3,822 in Social Security payments.

As the remaining Social Security checks are disbursed in May, retirees and beneficiaries are relieved to know that their financial needs will be met. These payments provide essential support for seniors, individuals with disabilities, and other eligible recipients, ensuring they can continue to lead fulfilling lives during their retirement years.

The views expressed in this article do not reflect the opinion of ICARO, or any of its affiliates.

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