Social Security update: Direct payment worth up to $4,555 to be sent to millions in one day

TThere is still one day left before the deadline Retirement The second wave of the Social Security Administration’s Retirement Payments up to $4555

The first of three payments for the month will be sent to those who were born between 11 and 20 of a given month. The monthly payment is one, and the date of the disbursement corresponds to the 10-day block in a month that a person was born. According to The schedule of the SSA.

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On March 8, recipients received the first round of payments for those born between the 1st-10th of each month. For people born between 21st and 31st March, the final round will be sent on March 22.

The amount of the money that recipients receive from the payment will depend on their retirement age. The highest payout Payment For those who have retired at 70, a monthly check of up to $4555 is available. Recipients who retire at 67 receive a maximum of $3,627 and those who retire at 62 get up to $2572. According to The SSA.

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Social Security money received by retirees is subject to changes and could decrease. Congress The future funding of the program is not determined by Congress. Congress has been discussing the future of Social Security for many years. But, most recently, two of them have. bipartisan senators It was proposed to raise the retirement age from 70 to 70.

At the moment, Retirement age It is 67 years old, but workers can either take an early retirement at 62 or defer retirement until they turn 70.