Social Security: which people will receive $1,909 dollars in March

For the month of March The Social Security Administration (SSA) has established, according to its schedule, the sending of 5 payments These will be distributed throughout the month depending on whether they are retirees or beneficiaries of the different social programs.

According to the planning, The first to receive the checks are those retired before May 1997 and the beneficiaries of the Supplemental Security Income which are destined for this Friday, March 1.

Now, the following payments are divided into three rounds and correspond to those retired after May 1997. The amounts are calculated depending on several factors such as retirement agethe socioeconomic or health conditions of the applicants in the case of a program.

Payments to retirees

As we mentioned, retiree payments are divided into two stages and then into three rounds. For the month of March, the schedule was as follows:

• Friday, March 1: payment to retirees before May 1997.
• Wednesday, March 13: payment to retirees after May 1997 born between the 1st and 10th of any month.
• Wednesday, March 20: payment to retirees after May 1997 born between the 11th and 20th of any month.
• Wednesday, March 27: payment to retirees after May 1997 born between the 21st and 31st of any month.

Regarding the payment amounts, these increased for this year due to the 2024 Cost of Living Adjustment (COLA) of 3.2% The average is $1,909 dollars per month; However, the amounts may increase depending on the retirement age:

• 62 years: $2,710 dollars per month, 30% is subtracted from the monthly benefit for anticipating retirement.
• 67 years: $3,822 dollars per month, 100% of the monthly benefit is obtained as it is full retirement age.
• 70 years: $4,873 dollars per month, more than 100% of the monthly benefit is obtained by delaying retirement until the maximum age.

SSA social programs and their payments

The administration has several social programs, but two stand out the most: Supplemental Security Income and Social Security Disability Insurance (SSDI), both of which distribute monthly checks to their beneficiaries.

The first is for retirees who are 65 years old or older, older adults or people with disabilities. The established amounts are $943 dollars for individuals and $1,415 dollars for married couples.

For its part, the SSDI is aimed mainly at workers retired due to disability or incapacity, who must have a number of accumulated work credits, The monthly amounts are between $1,489 dollars and $3,627 dollars per month.

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