Social Security payment in March: Know the dates and amounts

MIAMI.- It is expected that at the beginning of month of Marchmillions of beneficiaries of the programs of the Social Security Administration (SSA) receive the payment corresponding to the second check of 2024.

Social Security benefits more than 70 million low-income retirees and disabled people who each month receive funds intended to cover their needs in the midst of the inflation that the country is going through.

Eligible individuals must have a low income, be totally or partially blind, and have a physical or mental condition that limits their daily activities for a period of 12 months or more.

It should be remembered that in the month of January no remuneration was given, because they were brought forward to December.

Increase in Social Security payment

This year, the amounts that retirees and beneficiaries will receive from the various social programs of the SSA received an increase of 3.2%due to the Cost of Living Adjustment (COLA) in relation to 2023.

Not all beneficiaries would be receiving the maximum payment. These can range from $943 for those who filed their taxes individually to $1,415 for those who filed jointly.

Likewise, People recognized as essential, for caring for SSI beneficiaries, may receive up to $472.

For its part, Individual retirees will receive an average payment of $1,907, while for couples the average check amounts to $3,303.

Likewise, with the COLA increase, retirees at age 62 receive $2,710. Meanwhile, people retired at age 67, which is the average retirement age, receive $3,822 and those retired at age 70 receive $4,873.

This second payment of the year, which It will be sent starting next Friday, March 1will mainly be obtained by recipients of the Supplemental Security Income (SSI) program, which is part of the economic support provided by Social Security.

Financial aid from the federal program is given on the second, third and fourth Wednesday of each month, depending on the date of birth. If the first day of the month falls on a Saturday, Sunday or holiday, payment is advanced to the last Friday of the previous month.

When will payment be received?

The SSA establishes a payment schedule with the exact dates on which each person receives their checks.

If you were an SSI recipient before May 1997, you will receive help on Wednesday, March 6

If your birthday falls between the first and the tenth day of your birth month, your Social Security payment will arrive on March 13.

For those whose birthdays are from the 11th to the 20th, their payment will take place on March 20.

While those beneficiaries with birthdays after the 20th will get help on March 27.


FOUNTAIN: With information from La Opinion and La Nación