As we move through September, retirees can expect three Social Security payments depending on key factors like their birthday and when they started collecting benefits. While not everyone will receive their payments this month, there’s good news: all payments will be on time. Here’s what you need to know about the payment schedule, eligibility, and the amounts you can expect.
Payments
If you began receiving Social Security benefits after April 30, 1997, you are eligible for one of the three monthly payments in September. However, retirees who started receiving benefits before May 1997, or who also receive Supplemental Security Income (SSI), are not eligible for these payments. Instead, those beneficiaries will receive their next payment on October 3, 2024.
Dates
For retirees who qualify, the specific payment date depends on your birthday. Here’s how the Social Security Administration (SSA) has structured the September payment schedule:
| Payment Date | Eligibility Based on Birthday |
|---|---|
| September 11, 2024 | For retirees born between the 1st and 10th of the month |
| September 18, 2024 | For retirees born between the 11th and 20th |
| September 25, 2024 | For retirees born between the 21st and 31st |
This staggered payment system ensures that retirees don’t all receive their benefits on the same day, helping the SSA manage its disbursements more efficiently.
Who Doesn’t Qualify
If you started receiving benefits before May 1997, or if you receive SSI along with retirement benefits, you will not receive any of the three payments in September. Instead, your next payment will be on October 3, 2024. It’s worth noting that the payment in November will arrive earlier than expected, though details on this change will be announced closer to the date.
Amounts
The average Social Security retirement benefit for September 2024 is around $1,919, based on the latest SSA update. While the amount varies from person to person depending on factors like lifetime earnings, age at filing, and work history, the average figure provides a good baseline.
For higher earners, the payout can be significantly more. If you earned the taxable maximum over 35 years and delayed filing until age 70, you could receive up to $4,873 per month. This represents the maximum possible benefit under the current Social Security system.
On the lower end, retirees who qualify for SSI can expect to receive up to $943 on October 1, 2024. SSI is designed to assist low-income seniors, providing additional financial support on top of regular Social Security benefits.
Direct Deposits
Most Social Security payments are delivered via direct deposit, ensuring faster and more secure access to your funds. However, some retirees still receive their payments by check. Whether you receive a direct deposit or a check, the amount should be consistent, unless there are changes to your personal situation or inflation adjustments (COLA), which typically occur at the start of each year.
For those waiting on their September payments, expect your funds to arrive on the scheduled date if you qualify. If you’re unsure whether your payment is due this month or in October, you can check your account on the SSA website or contact their support line.
Changes
If you are one of the retirees who started collecting Social Security benefits before May 1997, you might be wondering about the changes scheduled for November. While specifics haven’t been fully released, the SSA has indicated that payments will arrive earlier than usual that month. This is part of their broader effort to ensure timely delivery of benefits and to manage administrative tasks more efficiently.
In September, retirees will receive their Social Security payments based on their birthdays, with three key payment dates spread throughout the month. If you started receiving benefits before May 1997, or if you also receive SSI, your next payment won’t come until October.
On average, retirees can expect $1,919 in their Social Security payments, while those at the higher end may receive up to $4,873. For low-income retirees, SSI can provide additional support, with up to $943 available in early October.
As we move into the final months of the year, it’s important to stay informed about upcoming changes to Social Security payments, especially with the early November payment for certain retirees.
FAQs
When will I receive my September Social Security payment?
It depends on your birthday: September 11, 18, or 25, 2024.
Who qualifies for September Social Security payments?
Retirees who started benefits after April 30, 1997, qualify.
What is the average retirement payment for September?
The average amount is around $1,919 for this month.
When is the next payment for those receiving benefits before May 1997?
Your next payment will be on October 3, 2024.
How much is the Supplemental Security Income (SSI) payment in October?
The maximum SSI payment is up to $943 on October 1, 2024.
