The first round of April's Social Security retirement payments, worth up to $4,555, is set to go out to recipients who are at least 62 in just under three weeks. The first round of April's payments will go out on April 12.
The first round of April's payments will go out on April 12, the second Wednesday of the month, and will go to retirees who were born between the 1st and 10th of the month. There are three rounds of retirement payments, where each wave coincides with the 10-day block of the month that the recipient was born.
The amount of money each recipient gets depends on the recipient's age at retirement. The highest payment is up to $4,555 per month, and it goes to people who retired at 70. Recipients who retired at 67 receive a maximum check of $3,627, and anyone who retired at 62 gets up to $2,572, according to the SSA.The current age of retirement is 67, but people can take early retirement at 62 or delay retirement until 70.
People could see a decrease in their payments if Congress does not determine how the program will be funded by 2037. Discussions on the future of Social Security have been ongoing in Congress for years, but a pair of bipartisan senators recently proposed raising the retirement age to 70.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Glass falls from another San Francisco high rise amid stormLast Tuesday, glass fell from 555 California St., one of the tallest buildings in San Francisco's downtown area.
Consulte Mais informação »
Letters to the Editor - Fairfield Park, American Middle, abortion, Social SecurityRe: “As the Fairfield Park Issue Turns — State passed up cheap water of Fairfield Lake for plans to condemn private land, build new lake instead. How is this...
Consulte Mais informação »
Pence seeks 'common sense' Social Security, Medicare reformFormer Vice President Mike Pence is calling for “common sense and compassionate solutions” to reform entitlement programs and the nation’s debt burden.
Consulte Mais informação »
Pence seeks ‘common sense’ Social Security, Medicare reformFormer Vice President Mike Pence is calling for “common sense and compassionate solutions” to reform entitlement programs and the nation’s debt burden. Pence suggested changes to …
Consulte Mais informação »
Pence seeks 'common sense' Social Security, Medicare reformAs he mulls a 2024 presidential bid, former Vice President Mike Pence on Tuesday called for “common sense and compassionate solutions' to reform entitlement programs and the nation's debt burden, suggesting changes to Social Security and Medicare programs hurtling toward insolvency, particularly for younger generations, without naming specific recommendations. “What we need now is leadership because, if we act in this moment with the support of this generation, we can introduce common sense reforms that will never touch anyone who is in retirement, or anyone who will retire in the next 25 years,” Pence told an audience of college students at Washington & Lee University in Lexington, Virginia. What to do with Social Security and Medicare, as the programs close in on projected insolvency dates, has emerged as a dividing line for Republicans seeking to lead their party in the 2024 presidential contest.
Consulte Mais informação »