The Social Security Administration does not guarantee a flat rate of benefits to all retirees. A monthly payout of up to $2,710 is still possible for those 62 years old after receiving a 30% cut.
Up to $2,710 will be handed out in the following payment, according to Social Security. In fact, September payment dates are flexible. If you are not eligible for any, your monthly payment is scheduled to arrive in October 2024.
Up to $2,710 at age 62 for those who are eligible to receive Social Security benefits
You must have worked for at least 35 of those years in order to have earned the maximum amount that is taxable. Assuming they have worked for employers that contribute to Social Security and have paid their fair share in taxes, these employees can be on the road to receiving $2,710 per year in retirement.
So, if you fall into the aforementioned category and file at age 62, you might potentially receive $2,710. Working people should be aware that putting off retirement can raise their benefit payments each month.
Actually, the maximum amount that a 70-year-old can receive from the government is $4,873. But you can only earn $3,822 if you apply for Social Security at Full Retirement Age.
September Social Security payments for retirees and those aged 62 and up
Alright, so we covered how an employee can get up to $2,710 in September. Now let’s take a closer look at who qualify for payday. Some retirees, for instance, who are 62 years old or older, may get their funds on either September 18 or September 25.
62-year-olds are eligible for retirement payments of up to $2,710 beginning on September 18 for those born between 11 and 20 years old and on September 25 for those born between 21 and 31 years old.
SEE MORE –
Goodbye to This Month’s Social Security Check—Who Won’t Receive Payment in September
In October 2024, you will get your next check or direct deposit if you have previously received a payment up to $2,710 in September.
For instance, individuals who began receiving benefits prior to May 1997 will get funds from the Administration on October 3. Additionally, if they are retired and getting SSI.
