2 days for SSI, disability and pension recipients to receive their payment of $695, $1,538 or $1,919

The August payments are almost over for most Recipients of social benefits (SSDI and pension benefits). For Supplementary security income (SSI) beneficiaries are about to launch.

Next week will be great if you look forward to your next Social Security or SSI payment and you are qualifiedThere are three groups of recipients who will not be able to receive pension or SSDI benefits this week simply because they already got their money in August.

Social security payments on August 28

The next payment date for SSDI and pension recipients will take place on August 28However, you are not eligible if you receive SSI payments or if you received benefits before May 1997.

Pensioner Those who qualify must Birthdays from 21 to 31The month or year of your birth does not matter as long as you have already submitted an application and received approval from the administration.

The average payment that pensioners can receive August: about $1,919Still, they could receive up to $4,873 if they file their taxes at age 70, earn the maximum taxable amount for 35 years, and have jobs that pay enough taxes to the SSA. SSDI payments average $1,537 and can be as high as $3,822 for top earners.

Social Security has postponed the SSI payday

The SSI payments were due on August 1, 2024. Therefore, there are no payments left for this month. But the SSI payment for September cannot be sent on Sunday, September 1, 2024. For this reason, Social Security has postponed the supplementary income payments for Friday, 30.August.

Social Security never issues payments on holidays or weekends. Banks and offices would be closed, so they would not be able to send the monthly payments on time. To avoid this, SSA sends money in advance.

SSI payments average $695. Some recipients may be eligible for the highest payment for individuals of $943. Eligible married couples can receive up to $1,415. Key individuals can receive a check worth up to $472 on August 30, 2024.

Do SSDI and pension recipients receive the same payout amount?

NO, SSDI and pension recipients do not receive the same payment amount, but the amounts are closely linked. Here are the most important points:

• Your SSDI Benefits usually correspond to your old-age pension at full retirement age.
• When you reach full retirement age (65-67, depending on your birth year), your SSDI benefits will convert to retirement benefits. However, the monthly amount will remain the same. Only the name will change from “disability” to “retirement.”
• After switching to retirement, you have options that could potentially increase your monthly payment:
  • You can withdraw your pension application and delay benefits until age 70. You will earn deferred pension credits for each year you wait, increasing your benefit.
  • Once you retire, your dependents may be eligible for benefits based on your employment history.
• Survivor benefits for a spouse are usually the same for SSDI and retirement benefits. However, the calculations for maximum family benefits differ. This difference can affect survivor payments if your spouse is caring for dependent children.