Social Security: Which retirees will receive up to $3,000 this Wednesday, July 16?
The second round of payments will be made to retirees born between the 11th and 20th of any month
The second round of payments to retirees born after May 1997 begins this Wednesday, July 16, with amounts reaching up to $3,000 for some retirees.
The Social Security Administration (SSA) publishes a payment schedule every month so that beneficiaries can know in detail when their paydays will be and thus be able to manage their payments correctly.
For retirees who retired after 1997, checks are sent in three rounds, and the second distribution will be made this Wednesday, July 16, to retirees born between the 11th and 20th of any month.
Meanwhile, retirees born between the 21st and 31st of any month will receive their payments on July 24. The amounts to beneficiaries may vary depending on their retirement age.
In this sense, retirees at 62 years old receive $2,000 dollars monthly, those retired at 65-67 years old receive 100% of the benefit corresponding to $3,000 dollars each month, while retirees at 70 years old receive $5,000 dollars plus 100% of the benefit.