Some beneficiaries will get a Social Security payment with the extra money this Social Security Payment Schedule happening this week.
Social Security Payment Schedule 2024: SSA Approves Sending Extra Money To Some Beneficiaries This Week (Photo: La Grada)
Social Security Payment Schedule 2024
The Social Security Administration or SSA announced the Social Security Payment Schedule to be mailed on March 13, 2024, to all beneficiaries who claimed their benefits after May 1997 and whose birth dates range between the 1st and the 10th.
The SSA gave the first round of payments on the Social Security Payment Schedule last March 2. As the 3rd of March fell on a Sunday, beneficiaries got a double payment last Friday. After one week without Social Security claims, beneficiaries will take new payments starting Wednesday, March 13th.
Social Security beneficiaries will also get an extra 3.2% on their checks on the Social Security Payment Schedule due to COLA that was recognized last year in October. This extra money will allow beneficiaries to keep pace with inflation and help them cover their expenses.
2024 Social Security Payment Schedule: Social Security recipients would get an extra $200 a month
A bill has been proposed by lawmakers that would increase Social Security payments by $200 per month.
If approved, the law would increase the amount that existing Social Security receivers or those who turn 62 in 2023 get each month by $200, for a total increase of $2,400 yearly.
Read Also: $4,873 Social Security Payments Set To Reach Recipients In 13 Days – Countdown Begins!
