The Social Security Administration (SSA) is set to send out its next retirement benefits payment. Retirees who qualify may receive up to $4,873. This payment will be issued on December 11, 2024, and here’s everything you need to know about eligibility, amounts, and important dates.
What to Know About the Upcoming Social Security Payments
Who Is Eligible for This Payment?
To qualify for the upcoming payment on December 11, 2024, you must:
- Have started collecting Social Security after May 1997.
- Not receive Supplemental Security Income (SSI).
- Be eligible for retirement benefits.
Additionally, your date of birth plays a role. Only those born between the 1st and 10th of any month qualify for this round of payments.
How Much Money Can You Get?
The payment amounts vary based on your work history and age at the time you started collecting Social Security:
- Maximum Payment: Up to $4,873 for retirees who worked 35+ years and filed at age 70.
- Average Payment: About $1,927.
- At Age 62: Up to $2,710.
- At Full Retirement Age: Up to $3,822.
If you haven’t worked long enough or your payment is lower than expected, you may also qualify for SSI to supplement your income.
Important Dates for December Payments
| Date | Payment Type | Amount |
|---|---|---|
| December 11 | Retirement Benefits for eligible retirees | Up to $4,873 |
| December 18 | Additional retirement checks | Varies |
| December 24 | Final December retirement checks | Varies |
What About Disability Payments?
Social Security Disability Insurance (SSDI) recipients may also receive payments this month. The largest SSDI payment is $3,822, lower than the maximum retirement benefit of $4,873. SSDI payments are generally higher than SSI because disabilities often prevent recipients from working.
Key Details to Remember
If you’re unsure about your eligibility or think your payment is too low, you can:
- Contact the SSA for clarification.
- Apply for Supplemental Security Income (SSI) if you meet the requirements.
FAQ’s
What if I miss the December 11 payment?
If you miss the December 11 payment, your next chance will be December 18 or December 24 depending on your eligibility.
Can I receive both SSDI and retirement benefits?
Yes, but the total amount may be reduced depending on the specific benefits you qualify for.
How can I increase my Social Security payment?
You can increase your payment by working longer, delaying filing until age 70, or ensuring you meet eligibility for supplemental programs like SSI.