Social Security: who receives their payment on June 24?
The Social Security Administration will send the last payment of the month on June 24. Know which beneficiaries will receive your deposit and how much money they could collect
The Social Security payment schedule for June is coming to an end. And while millions of beneficiaries have already received their deposits during the first weeks of the month, another group is preparing to collect their money in the coming days. The date corresponds to the last payment scheduled by the Social Security Administration (SSA) within the regular June cycle.
According to the agency's official calendar, on Wednesday, June 24, beneficiaries born between the 21st and 31st of any month will receive their benefits. This deposit is part of the system the SSA uses to distribute monthly retirement, disability, and survivor payments.
Currently, more than 71.2 million people receive benefits administered by the federal agency. To organize deposits, the SSA divides most beneficiaries into three groups based on their date of birth and assigns a specific payment date during the second, third, or fourth Wednesday of each month.
The June 24 payment corresponds to the last of those three groups. Previously, beneficiaries born between the 1st and 10th received their money on June 10. Subsequently, those with birthdays between the 11th and the 20th received payment on June 17.
Social Security payment schedule for June
This month's profit distribution was organized as follows:
This schedule applies to most Social Security beneficiaries. However, there are some exceptions that receive their payments on different dates. For example, people who began receiving benefits before May 1997 received benefits on June 3, regardless of their date of birth. This group maintains a special payment scheme that is made at the beginning of each month.
Additionally, some beneficiaries receive benefits from Social Security and the Supplemental Security Income (SSI) program. In those cases, the SSI payment was sent on June 1, while the corresponding Social Security deposit arrived two days later, on June 3.
It is important to remember that some people receive benefits using another person's work history, such as in certain cases of spouses or survivors. When this happens, the SSA uses the date of birth of the person whose history generates the benefit to determine the payment date.
How much money do the beneficiaries receive?
The amounts vary depending on the type of benefit and each person's work history. However, the most recent statistics shared by the SSA show the following average monthly benefits:
Individual amounts may be higher or lower than these averages as the agency takes into account factors such as lifetime earnings and years worked before applying for benefits.
Recently, the SSA clarified that starting this year all benefits will be sent electronically. That means there are two ways your payment can arrive: direct deposit into a bank account or through the Direct Express card, a debit card designed to distribute federal payments.