The Social Security Administration (SSA) has outlined the payment schedule for June 2024, featuring four paydays. Typically, there are five, but due to the rescheduling of Supplemental Security Income (SSI) payments to May 31 instead of June 1, the schedule is slightly altered. Here’s what you need to know about who will receive payments and when.
Table of Contents
- 1 Key June Payment Dates
- 2 Payment Amounts
- 2.1 Social Security Disability Insurance (SSDI)
- 2.2 FAQs
- 2.3 Why is there no payment on June 1, 2024?
- 2.4 Who qualifies for the June 3 payment?
- 2.5 How are June 12 and subsequent payments determined?
- 2.6 What are the average Social Security payments for retirees and SSDI recipients?
- 2.7 Can I receive both SSI and Social Security payments?
Key June Payment Dates
The first payment date in June is set for June 3. This date is significant for two groups:
- Pre-May 1997 Beneficiaries: If you started receiving Social Security disability or retirement benefits before May 1997, you will receive your payment on this date.
- SSI Recipients: If you are eligible for SSI on May 31 and also receive Social Security (either SSDI or retirement benefits), you will also receive a payment on June 3.
June 12, 2024
Eligibility Based on Birth Dates
The second payment date is June 12, which caters to beneficiaries who began receiving benefits after April 30, 1997. This payment date is determined by your birth date:
- Birth Dates 1-10: If your birthday falls between the 1st and the 10th of the month, you will receive your payment on June 12.
June 18, 2024
Further Payments
The next payment round falls on June 18. This is also based on birth dates and follows the same criteria:
- Birth Dates 11-20: If your birthday is between the 11th and the 20th, your payment will be issued on June 18.
June 26, 2024
Final Payment Date
The last payment date for June is June 26:
- Birth Dates 21-31: Beneficiaries with birthdays from the 21st to the end of the month will receive their payment on this date.
Payment Amounts
- Average Payment: Retirees can expect an average payment of about $1,915.
- Maximum Payment: The highest payment for retirees can reach up to $4,873, especially for those who delay retirement.
Social Security Disability Insurance (SSDI)
- Average Payment: SSDI recipients generally receive around $1,537 on average.
- Maximum Payment: The largest SSDI payment can be as high as $3,822.
Knowing the payment schedule is crucial for planning your finances. Whether you’re a retiree or an SSDI recipient, knowing your exact payment dates can help ensure you’re prepared. With four specific paydays in June, staying informed will ensure you don’t miss out on when your benefits are due.
FAQs
Why is there no payment on June 1, 2024?
SSI payments were rescheduled to May 31, resulting in no payment on June 1.
Who qualifies for the June 3 payment?
Beneficiaries who began receiving benefits before May 1997 and SSI recipients also on Social Security qualify for the June 3 payment.
How are June 12 and subsequent payments determined?
These payments are based on birth dates: June 12 for birthdays 1-10, June 18 for birthdays 11-20, and June 26 for birthdays 21-31.
What are the average Social Security payments for retirees and SSDI recipients?
Retirees average $1,915, while SSDI recipients average $1,537.
Can I receive both SSI and Social Security payments?
Yes, if you qualify for both, you can receive SSI and Social Security payments, with specific schedules for each.
