U.S. Government confirms Social Security payments for millions of Americans in December, huge checks of up to $4,873

The Supplemental Security Income payment is scheduled on November 29, 2024, according to the Social Security Administration (SSA). No additional retirement benefit payments are scheduled until November, though.

Therefore, pensioners who qualify for a new payment of up to $4,873 per month will have to wait until the first few days of December.

On December 24, recipients’ bank accounts will receive Social Security’s final December payment. On December 3, the first payment will be made. Three weeks, or twenty-one days, separate the two installments.

Eligible recipients for the Social Security payment on December 3

Note that only two categories of retirees are eligible to receive benefits on December 3, 2024, according to SSA regulations. Among them will be those who get both Social Security and SSI.

The other group that can begin receiving payments on December 3 is those who began receiving Social Security benefits prior to May 1997. Even though they still have three more paychecks, those who didn’t start before that date must fulfill the birthday requirement.

• December 3 payment: on both SSI and retirement benefits or on benefits before May 1997
• December 11 payment: born from 1-10
• December 18 payment: born from 11-20
• December 24 payment: born from 21-31

Eligibility for a Social Security payment worth $4,873 in December

Just so you know, not every American receives the same amount of money from Social Security, and not every American is eligible to receive benefits. Actually, we are only able to provide readers with the average payment for October 2024.

Before the newCOLA begins in January 2025, the amount was $1,927, and it will remain that way. You had to have earned the base amount of contributions and benefits during that time, filed your taxes at age 70, and worked 35 years in SSA-covered jobs in order to get $4,873 in December.

Since few Americans have been able to earn the maximum amount of money lawfully for 35 years, it’s actually not that simple. To receive an additional 24% from Social Security, it is wise to postpone retirement until you are 70 years old.

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