Social Security update: Direct payment worth up to $4,555 goes out to millions today

MMillions upon illions Retirement Received the second wave March’s Social Security Administration Retirement On Wednesday, payments up to $4,555 were made

Retirees born between the 11th to 20th of each month were eligible for this disbursement. It was the second of three monthly payments. Although they only receive one monthly payment, the date of disbursement corresponds exactly to the 10-day block for a given month in which the person was born. According to Schedule of the SSA

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The March payment was first for people born between March 1 and March 10. It went to the recipients on March 8. The final round of March payments will be sent out to recipients on March 22. It will be for those born between the 21st-31st of each month.

The recipient’s retirement age will determine the amount of the payment. The highest amount Payment For those who have retired at 70, a monthly check of up to $4555 is available. Recipients who have retired at 67 get a maximum check at $3,627. Anyone who has retired at the age of 62 receives a maximum check at $2,572. According to The SSA.

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The current situation is the Retirement age It is 67 years old, but workers can either take an early retirement at 62 or defer retirement until they turn 70.

Social security money is subject to change and could decrease if necessary. Congress The future funding of the program is not determined by Congress. Congress has been discussing the future of Social Security for many years. Recent developments include a pair bipartisan senators Several people have suggested raising the retirement age from 70 to 70.