Retirees who receive social security benefits will get their monthly payment this week.
Why It Matters
The Social Security Administration (SSA) pays out retirement, survivor and disability benefits to more than 70 million Americans on a monthly basis. It forms a bedrock of income for millions who are retired, disabled or the survivor of a deceased worker.
Payments are administered in one lump sum for most recipients, but because of the large number of recipients, not every claimant receives their payment on the same date each month.
What To Know
On Wednesday, June 11, benefit payments are scheduled to be made to those with a birthday between the 1st and 10th of any given month in the year.
Anyone who hasn’t received their payment on the expected date should allow three working days before contacting the SSA. Saturdays, Sundays and public holidays are not working days.
How Much Social Security Can I Get?
As of January 2025, the average monthly Social Security retirement benefit came in at $1,976. However, the exact amount each person receives depends on their lifetime earnings and the number of years they paid in payroll taxes over the course of their working life.
Those who retire at age 62 can receive up to $2,831 per month. Waiting until full retirement age (67) increases the maximum benefit to $4,018. For those who delay claiming until age 70, the monthly benefit rises to a maximum of $5,108.
If you receive Supplemental Security Income—for elderly, blind and disabled Americans with little to no income—the 2025 maximum is $967 for individuals and $1,450 for couples. However, payments may be lower than this as they are based on income, living situation and other eligibility factors.
Further Payment Dates For June
In June, benefits will be paid on the following dates:
- Wednesday, June 18: Benefits for those born between the 11th and 20th.
- Wednesday, June 25: Benefits for those with birthdays between the 21st and 30th.
Social Security Fairness Act
More than a million Americans who were impacted by the passage of the Social Security Fairness Act earlier this year have already begun receiving updated benefits. But the SSA recently updated beneficiaries expecting higher and retroactive payments, saying there are delays to some claims.
Updated benefit amounts, as well as retroactive payments back to December 2023, began in April. While 91 percent of the those impacted are now receiving full benefits, there are still some “complex cases” that are taking longer to update.
“For the many complex cases that cannot be processed automatically, additional time is required to manually update the records and pay both retroactive benefits and the new benefits amount,” the SSA said in an update on its website. “We are expediting these cases now.”
The post Social Security Update: Payments Of Up To $5,108 Due This Week appeared first on Newsweek.
