In 19 days, beneficiaries will get the first of 3 rounds of Social Security retirement benefits in April, totaling up to $4,555.
On April 12, the initial round of payments for April will be distributed. Retirees who were born between the first and tenth of the month will receive the funds.
On April 19, the next round will be sent out to people born during the 11th and 20th of a given month. Those born between the 21st and the 31st of a month would receive the final round on the 26th, as per the Social Security Administration’s plan. Each payment is distributed on the tenth day of the month in which the beneficiary was born.
Depending on their age during retirement, every beneficiary receives a different sum of cash. The largest payout, which is $4,555 per month, is made to qualified retirees who reached age 70. As per the SSA, beneficiaries who retired at 67 can get a maximum payment of $3,627 and those who retired at 62 can get a total check of $2,572.