The Social Security Administration (SSA) continues to send payments to beneficiaries according to the 2024 Social Security benefit payment schedule, with special emphasis on the months of June and July. For beneficiaries planning their finances, understanding exact payment dates is crucial.
This detailed summary covers the distribution dates for various Social Security benefits in these months, along with updated benefit amounts for 2024.
The Last Date Payment by June 2024
In June 2024, SSA has scheduled benefit payments as follows:
- Second Wednesday (June 12): Beneficiaries with birthdates between the 1st and 10th of any month will receive their payments.
- Third Wednesday (June 19), with one change: Beneficiaries with birthdates between the 11th and 20th of any month will receive their payments. The change in the date was moved to Tuesday the 18th, because the 19th is the celebration of Emancipation Day, known as Juneteenth.
- Fourth Wednesday (June 26): Beneficiaries with birthdates between the 21st and 31st of any month will receive their payments.
- Supplemental Security Income (SSI): Payments are disbursed on June 3, and again on July 3 again.
Payment Dates for July 2024 Are Coming Next
In July 2024, the SSA has scheduled benefit payments, this time without changes because none of the paydays fall on a weekend or holiday:
- Second Wednesday (July 10): Beneficiaries with birthdates between the 1st and 10th of any month will receive their payments.
- Third Wednesday (July 17): Beneficiaries with birthdates between the 11th and 20th of any month will receive their payments.
- Fourth Wednesday (July 24): Beneficiaries with birthdates between the 21st and 31st of any month will receive their payments.
- Supplemental Security Income (SSI): Payments are disbursed on July 1, providing relief to these beneficiaries. In the month of June, they did not receive payments because the 1st of that month was a holiday, and the deposits and checks were advanced for May 31.
Why Does SSA Sometimes Change Payment Dates?
There is a possibility that the payments may not always arrive on exact dates due to weekends and holidays. Additionally, there may be some delays due to situations beyond the control of the agency, such as mail or problems at the bank where the beneficiary’s bank account is located.
SSA recommends allowing at least three additional mailing days before contacting them about a payment that has not arrived. Additionally, people who receive Social Security and SSI benefits will see their Social Security payments on the 3rd of each month and their SSI on the 1st.
These are the maximum payment benefits for 2024, according to data provided by the SSA:
- Age 62: $2,710 per month
- Full retirement age: $3,822 per month
- Age 70: $4,873 per month
The full retirement age varies according to the beneficiary’s date of birth:
- Jan. 2, 1943 to Jan. 1, 1954: 66
- Jan. 2, 1960 or later: 67