If you’re a retired worker who claimed benefits after May 1997, there’s good news: three more Social Security checks are on their way this month. With the $1,900 monthly benefit reflecting a 3.2% cost of living adjustment (COLA) boost, you can expect these payments to start arriving next week. Let’s cut into the details about these payments and the different amounts retirees can receive based on their circumstances.
Table of Contents
- 1 Social Security Benefits
- 2 Qualifying
- 3 Projected Payments
- 4 Remaining Checks for June
- 4.1 Payment Dates
- 4.2 FAQs
- 4.3 When will the remaining Social Security checks for June be paid?
- 4.4 What is the COLA boost for this year’s Social Security payments?
- 4.5 How can I qualify for the $1,900 monthly Social Security check?
- 4.6 What should I do if my Social Security payment doesn’t arrive on time?
- 4.7 Can I check my Social Security benefits online?
Social Security Benefits
For retired workers who have contributed to Social Security for at least 10 years, monthly benefits are available. However, the exact amount varies depending on several factors, including your work history, average contributions, and the age at which you start claiming your benefits. Here are the average and maximum payment amounts for this year:
Approved Payment Amounts for 2024
- On average: $1,900
- Before full retirement age (62): $2,710
- At full retirement age (67): $3,822
- After full retirement age (70): $4,873
Qualifying
To qualify for the $1,900 Social Security check each month, you need to have earned 40 work credits and made the required contributions for at least 10 years. Those who claim benefits before their full retirement age (FRA) can expect this amount. However, delaying your benefits can result in higher payments:
- At 67: Up to $3,822 for those with average contributions.
- At 70: Up to $4,873 for those who contributed the maximum taxable earnings for the last 35 years.
Projected Payments
Considering a potential COLA of 3.2% for 2025, retirees can expect slight increases in their monthly benefits:
Social Security Check | Payment in 2024 | Including 2025 COLA |
---|---|---|
On average | $1,900 | $1,960 |
Age 62 | $2,710 | $2,796 |
Age 67 | $3,822 | $3,944 |
Age 70 | $4,873 | $5,028 |
Remaining Checks for June
According to the Social Security payment schedule, there are still three checks to be distributed this month. Due to the federal holiday on June 19th, there’s a slight change in the regular payment schedule:
Payment Dates
- June 12th: For retired workers born between the 1st and the 10th.
- June 18th: For retired workers born between the 11th and the 20th (adjusted due to the June 19th holiday).
- June 26th: For retired workers born between the 21st and the 31st.
If you have any questions about your Social Security checks or if your payment doesn’t arrive on the scheduled date, wait at least three mailing days before contacting the Social Security Administration (SSA). For more information about your benefits, you can check your “my Social Security Account.”
The arrival of these payments is a crucial lifeline for many retirees, providing them with the financial stability needed to cover their living expenses. Make sure to keep an eye on these dates and stay informed about any changes that might affect your benefits.
FAQs
When will the remaining Social Security checks for June be paid?
The remaining checks will be paid on June 12th, June 18th, and June 26th.
What is the COLA boost for this year’s Social Security payments?
This year’s payments include a 3.2% increase from the COLA adjustment.
How can I qualify for the $1,900 monthly Social Security check?
You need to have earned 40 work credits and made the required contributions for at least 10 years, claiming benefits before your full retirement age.
What should I do if my Social Security payment doesn’t arrive on time?
Wait at least three mailing days before contacting the SSA for assistance.
Can I check my Social Security benefits online?
Yes, you can check your benefits and financial statements through your “my Social Security Account.”