Social Security: People who will receive $1,909 on February 21

A new round of Social Security payments to retirees is expected next week; However, to get it, the beneficiaries must fulfill two essential requirements. The amount of this check depends on the retirement age.

The Social Security Administration (SSA) sends retirees their payments each month, which are divided into two parts, The first day of the month corresponds to those who retired before May 1997.

Other payments are split into three rounds grouped by retirees’ birthdays. In this case, the beneficiaries are the first to receive the benefits withdrawn between the 1st and 10th of any month. The second round corresponds to those born between the 11th and 20th of any month.

Finally, to complete the payout round are retirees born between the 21st and 31st of any month; They will receive their benefits on Wednesday, February 28.

Who will get paid on February 21?

In this case, the retirees who will receive their checks on February 21 Those who retired after May 1997 and were born between 11th and 20th of any month.

As we mentioned earlier, the amount is determined by the retirement age, however The average payment this year is $1,909 for a 3.2% cost of living adjustment (COLA)..

The amount in the monthly check can be more than 100% if they are retirees at age 70 who earn $4,873, While a 67-year-old gets $3,822 and 62-year-olds $2,710 per month.

Upcoming Social Security payments

inside The next SSA payments are Supplemental Security Income (SSI) scheduled for Friday, March 1 Those who receive $943 for individuals, $1,415 for couples and $472 for dependents.

Keep reading: