Understanding The New Social Security Payment Schedule For June

Some Social Security recipients will get their first June payment this week. Issued by the Social Security Administration (SSA), monthly benefits are paid to retired Americans, individuals with disabilities, and surviving family members of deceased claimants. Given the various categories of payments and the estimated 67 million payees, not every claimant is paid on the same date each month.

This month, there has been a slight change to when payments are distributed. Usually, the first round of Social Security payments to those in a certain category is made in the second week of the month. However, in June, it will be made in the third week instead, starting on Monday, June 10.

This week, payments will be made on Wednesday, June 12, to those born between the 1st and 10th of any given month who have not been claiming Social Security since before 1997 and do not also claim Supplemental Security Income (SSI). This adjustment is significant as it aligns with the SSA's efforts to ensure timely distribution of benefits without causing inconvenience to recipients.

Since June started on a Saturday, the payment is scheduled for the third week of the month. Although it might seem like recipients are waiting longer than usual for their regular payment, this isn’t the case. Those with birthdays in the first 10 days of the month are always paid on the second Wednesday. It’s crucial to stay informed about these schedules to manage expectations and finances effectively.

While changes to the payment schedule don't happen often, this year has seen variations. According to the SSA's schedule, third-week payments are also set to take place in August and November. Understanding this can help recipients plan their finances better, ensuring that they are prepared for any changes that may arise.

Payment Schedule for June 2024

Below is the full schedule of June 2024 payments:

• May 31: SSI payments were made on May 31, a day earlier than usual due to the usual date falling on a Saturday.
• June 12: Those with birthdays between the 1st and 10th of any month should receive their payment on Wednesday, June 12.
• June 18: Claimants with birthdays between the 11th and 20th of any month should be paid on Wednesday, June 18.
• June 25: Those born between the 21st and 31st of any month should have their benefits paid on Wednesday, June 25.

Social Security recipients have also been warned of a recent scam regarding the annual Cost of Living Adjustment (COLA). The SSA has noted that any reports of a $600 benefit payment to be introduced this June are fake. Therefore, it is essential for recipients to verify any such claims before acting on them.

In conclusion, being aware of the Social Security payment schedule is vital for recipients. By understanding the changes and knowing when payments will be made, individuals can better manage their financial situations. It’s always a good idea to stay updated with the SSA’s announcements to avoid confusion and ensure timely receipt of benefits.

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