The Social Security Administration makes payments on time every month, and the system is responsible for paying their respective benefits to retirees, who are those people who have worked and contributed to Social Security during a certain period, have accumulated an amount of so-called “work credits” and have reached their retirement age.
Disability pensioners, people who are unable to work due to a severe disability, are also paid: these people must also have contributed to Social Security for a minimum time in order to enjoy this benefit. Other payments are made to dependents, which are the spouses, children, or parents of retirees or disability pensioners who meet certain requirements. Finally, this month you will see your payments on the dates that we will tell you about the survivors of deceased beneficiaries, and those who receive Supplemental Security Income (SSI), that is, people with low income and disability or who are over 65 years old.
What’s My Social Security Payment Date in April 2024?
For people who qualify this month to receive SSI payments, the check should have already arrived (or at least be on its way to your door) and, if your option is the bank deposit, it was already processed on the date April 1st.
The retirement payments and the rest of the mentioned beneficiary groups are scheduled to be paid on the following dates:
- April 3rd (Wednesday): Social Security payments for retirees who applied before May 1997
- April 10th (2nd Wednesday): Beneficiaries brown between the 1st – 10th of any month.
- April 17th (3rd Wednesday): Beneficiaries brown between the 11th – 20th of any month.
- April 24th (4th Wednesday): Beneficiaries brown between the 21st – 31st of any month.
Maximum Social Security Deposits You Could Expect in April 2024
The cost of living adjustment (COLA) is a mechanism used to adjust social security and pension payments to reflect changes in the cost of living. This adjustment is made periodically, usually annually, and is based on economic indices that measure inflation and other factors that affect the cost of living of the population.
The main purpose of the COLA is to ensure that social benefits maintain their purchasing power in the face of changes in the prices of basic goods and services.
With the COLA increase of 2024, which was 3.2%, the maximum payments were as follows:
- Supplemental Security Income:
- Individual: $943
- Couple: $1,415
- Essential person: $472
- Social Security Retirees:
- Average: $1,900
- Age 62: $2,710
- Age 67 (Full FRA): $3,822
- Age 70: $4,873
- Survivor Benefits:
- Individual: $1,773
- 2 Children: $3,653
- Social Security Disability Insurance (SSDI):
- Average: Ranges between $1,300 and $1,600 per month
- Maximum payment: $3,822
More Americans Encouraged to Apply to Supplemental Security Income
Most people who receive Supplemental Security Income (SSI) payments are elderly or severely disabled. More than 25% are elderly people, 15% are children with disabilities and the rest are adults with significant disabilities. Due to their limited income, only families with a child with a disability can qualify. Adult applicants must meet strict income limits, which include having less than $2,000 or $3,000 in bookable funds for a couple.
To receive SSI payments, applicants must have serious medical conditions according to the law, such as physical or mental disability that is expected to last at least 12 months or cause death, according to medical documentation. Adults must also prove that they cannot work in meaningful jobs anywhere in the economy, regardless of whether there are vacancies or if they would be hired.
The SSA encourages qualifying Americans and legal residents (that comply to specific requirements) to apply for SSI benefits, by visiting the next official website.