If your birthday falls between the 11th and the 20th of any month, today, Wednesday, June 18th, is your Social Security payment date. The Social Security Administration (SSA) is sending out retirement benefits today as part of their monthly payment schedule.
This is the second payment for June, and it’s part of the system that has been in place since May 1997 to spread out the payments.
Payments Already Sent Out
For those of you who have been receiving Social Security payments for a while, here are the dates of the earlier payments this month:
June 3rd: The first payment of June went to people who started receiving Social Security before May 1997, as well as those receiving Supplemental Security Income (SSI). Since June 1st was a Sunday, these payments were sent out early on May 30th.
June 11th: The second payment was for retirees whose birthdays fall between the 1st and the 10th of any month. These retirees got their Social Security benefits on June 11th.
Next Payment: June 25th
The last payment for June will be on Wednesday, June 25th, for those with birthdays between the 21st and the 31st of any month. If this applies to you, keep an eye on your account around that time. Banks may take a few hours to process, so if you don’t see the payment immediately, don’t worry—it should show up within a day or so.
What to Do if Your Payment is Delayed
The SSA advises waiting up to 3 business days after the scheduled date for your payment. If it still hasn’t arrived, check with your bank first to see if they are holding it for any reason.
If your bank doesn’t show the deposit, you can contact the SSA by calling 1-800-772-1213 or by checking your payment status online at ssa.gov/myaccount.
How Much Can You Expect in Social Security Benefits?
The amount you receive from Social Security depends on when you start claiming your benefits. Here’s a breakdown:
If you claim at 62: The maximum monthly benefit is around $2,831, but there’s a 30% reduction if you claim early.
If you wait until full retirement age (66 or 67): You could get up to $4,018 per month.
If you wait until 70: The highest payout is $5,108 per month, assuming you’ve paid the maximum taxable earnings for at least 35 years.
While these maximum amounts are possible, most retirees will receive a lower benefit. On average, retirees get about $2,002.39 per month. The amount varies by age, with those at age 67 receiving around $2,101.74, and those at age 70 getting slightly more at $2,081.42.
However, older retirees, particularly those in their late 70s or 80s, might see higher benefits, like $2,201.97, thanks to cost-of-living adjustments.