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Social Security: beneficiaries and payment amounts for Wednesday, April 17 | | MIX

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Social Security: beneficiaries and payment amounts for Wednesday, April 17 |  |  MIX

Social Security Administration (SSA) pensioners in the United States are set to receive their payments on Wednesday, March 17, 2024. With an amount that can reach up to $4,873, retirees can expect a boost in their income thanks to a 3.2% increase granted by the SSA to combat inflation and ensure the purchasing power of Social Security benefits.

According to the SSA schedule, the payment on Wednesday, April 17, 2024, is designated for those who retired after May 1997 and were born between April 11 and 20 of any month. This payment also applies to survivors and beneficiaries of Disability Insurance (SSDI).

The payment amounts vary depending on retirement age and contributions throughout one’s working career. On April 17, 2024, the average payout for a retiree is $1,907, while those who retired early at age 62 can receive up to $2,710 per month. Retirees at age 67 may receive up to $3,822, and those who delayed retirement until age 70 can expect a maximum monthly payment of $4,873.

All information regarding Social Security payments can be found on the government entity’s website in Spanish. Social Security is a federal government program that provides income for retirement, disability, and survivorship. The amount of payment varies by state and is regulated by the federal government.

To access retirement benefits, individuals must have accumulated Social Security credits, which are earned over time through working and paying taxes. Failure to comply with SSA rules, such as having an arrest warrant or being detained for a serious crime, could result in the loss of Social Security payments.

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In conclusion, while Social Security provides essential financial support to retirees, it is advisable to have additional sources of income to supplement the pension. The latest payment schedule and amounts are crucial for pensioners to plan their finances accordingly.

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