Stock Markets
Daily Stock Markets News

those who will receive pension before July 4 (Independence Day)

The Social Security Administration (SSA) in the United States has initiated its new round of payments in July 2024. This agency is responsible for the welfare of 75 million beneficiaries through various social programs. Learn who will receive their deposits by July 4th, the day the United States celebrates Independence Day.

SSA Payment Beneficiaries in July 2024

The SSA is tasked with distributing payments throughout the month to 68 million retirees, survivors, and beneficiaries of the Social Security Disability Insurance (SSDI), as well as 7.5 million Supplemental Security Income (SSI) beneficiaries. It’s crucial for each beneficiary group to adhere to the institution’s rules to avoid losing their benefits.

Who Will Receive SSA Payments by July 4th, 2024?

According to the Social Security Administration’s schedule, payments will be distributed as follows:

  • July 1st: Supplemental Security Income (SSI) beneficiaries.
  • July 3rd: Individuals who retired before May 1997, as well as survivors and Social Security Disability Insurance (SSDI) beneficiaries.

SSA Beneficiary Payment Methods

The SSA offers two secure electronic payment methods for convenience:

  1. Direct Deposit to Bank Account: This method is simple and secure. Contact your bank or the SSA to arrange the deposit.
  2. Direct Express Debit Card Program: Payments are deposited onto the Direct Express card according to the schedule. You can enroll by calling the Treasury Department at 1-800-333-1795 or via their website.

SSA Payment Amounts for Beneficiaries in July 2024

Schedule of Social Security Benefit Payments 2024
Schedule of Social Security Benefit Payments 2024

SSI Beneficiary Payment Amounts

Supplemental Security Income (SSI) beneficiaries will receive the following average amounts on July 1st, 2024:

  • Individuals: $943
  • Couples: $1,415
  • Essential Persons: $473

SSA Retiree Payment Amounts

The Social Security Administration payments vary based on retirement age and lifetime contributions. Here are the amounts for July 3rd, 2024:

  • Average Payment: $1,907
  • Early Retirement (age 62): Up to $2,710 monthly.
  • Retirement at age 67: Up to $3,822 monthly.
  • Retirement at age 70: Up to $4,873 monthly.

SSDI Beneficiary Payment Amounts in July 2024

Social Security Disability Insurance (SSDI) benefits are based on average lifetime earnings covered by Social Security. According to the SSA, these are the amounts for July 2024:

  • Average Check: $1,537
  • Maximum Payment for 2024: $3,822
  • Blind Individuals: $2,590
  • Trial Work Period: $1,110

For more detailed information, you can refer to official sources on the Social Security Administration (SSA) website.

Read More: those who will receive pension before July 4 (Independence Day)

Notify of
Inline Feedbacks
View all comments

Get more stuff like this
in your inbox

Subscribe to our mailing list and get interesting stuff and updates to your email inbox.

Thank you for subscribing.

Something went wrong.