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Social Security: When and to whom next December 2023 payments |  composition

Social Security: When and to whom next December 2023 payments | composition

The US Social Security Administration (SSA) is conducting Last payment for 2023 And in 2024 only one will do. Find out what deposits are pending.

An average of 65 million retirees and survivors must receive their Social Security payments, as well as 7.5 million Supplemental Security Income (SSI) beneficiaries, adults and children with disabilities or blindness, who have income and resources below certain financial thresholds.

What social security payments are due in December?

The Social Security Administration (SSA) must complete the total Six payments to pensioners and beneficiaries In the month of December, the first five payment number is 12 and the last one is 2023 and the other corresponds to January. So far three payments have already been made: Paid on 1st December SSI beneficiaries and retirees who began receiving payments before May 1997; On December 13th, pensioners born between 1st and 10th were paid and now the following are pending:

  • Second Group: December 20 is for retirees born between 11 and 20.
  • Third Group: On December 27 for retirees born between 21 and 31.
  • December 29: For Supplemental Security Income (SSI) recipients Corresponding to January 2024. This payment will come with a 3.2% increase in COLA.
The payment schedule starts on the 1st of every month, but if it falls on a holiday or weekend, the payment is made earlier (Photo: SSA)

How much is social security?

The Social Security Administration verifies that the value of your Social Security contributions will vary significantly, as they are directly related to your retirement age and the length of your working life. Below, find the payments that can be made by the time of retirement through 2023:

  • The average payment for a retiree is US$1,827
  • Early retirees at age 62 receive a maximum of US$2,572 per month
  • For those who retire at age 67, their monthly payments will be US$3,627
  • Those delaying retirement until age 70 can pay a maximum of US$4,555.
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What are the amounts SSI beneficiaries get?

Below are the average amounts that beneficiaries of the SSI scheme will receive by 2024. .

  • Average payments per capita: US$943
  • Average money per couple: US$1,415
  • Essential people: US$473.

How do I know if I am eligible for Social Security payments?

All information related to Social Security and paychecks can be found here You can access it in Spanish.

More information on Social Security

Who will be the first to collect $4,822 per month in 2024?

The United States’ Social Security Administration (SSA) is preparing to issue the first checks of 2024, which will come with a COLA that will increase by 3.2%. There is one group whose monthly payment will be increased from US$4,555 to US$4,822 for reaching the maximum pension amount. Who gets paid first?

How Much Will Women Get for New Cola in 2024?

The Social Security Administration will begin applying the cost-of-living adjustment (COLA) to 2024 payments. Today 55% of beneficiaries are women. Do you know how much their pension is?

How Much Will Women Get Through Cola 2024?

Social Security benefits are based on hours worked, earnings, and a person’s retirement age. Women generally receive lower pensions than men because their salaries are generally lower, and many leave their careers because they devote themselves to the home. For this reason, they also get spousal benefits. Below, this is the average female retiree will earn on Social Security in 2024.

A benefit of about US$1,711 per month by 2024, compared to US$1,658 in 2023, according to Solo Dinero Media, based on the latest data from the Social Security Administration. It’s more than $53.

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