September will bring three additional Social Security payments to seniors. Your birthday and two other critical characteristics will determine whether you can earn a new retirement benefit this month.
For example, if you began collecting Social Security retirement benefits before May 1997, you are ineligible for the next three monthly installments. Those who get SSI in addition to their retirement benefits are ineligible.
Eligibility for Remaining Social Security Benefits in September
If you started collecting Social Security after April 30, 1997, you’ll get your next payment in 4, 11, or 18 days. So your money will be transferred to your bank account on the second, third, or fourth Wednesday of September.
Payment schedule for retirees in September:
- Retirement benefit payment on September 11: beneficiaries whose birthdays are between 1 and 10
- Beneficiaries born after the 10th but before the 21st will get their retirement benefits on September 18.
- Retirement benefit payment on September 25: retirees whose birth date ranges from 21 to 31
As a result, if you received benefits before May 1997, your next Social Security payment will be issued on October 3, 2024. However, there will be adjustments for the one in November, and you will be notified in advance.
Social Security Direct Deposit and Check Amounts for September
The average retirement benefit for September will be approximately $1,919. That was the most recent update from the Social Security Administration in August. Average direct deposits or cheques rarely change significantly.
If you qualify for an average payment, you should expect to get a similar amount. High earners might expect much more. For example, if you earned the taxable maximum for 35 years, filed at age 70, and worked in SSA-covered positions for 35 years, you may get up to $4,873.
Seniors with modest incomes may also receive Supplemental Security Income from October 1, 2024. SSI can issue them a cheque or direct deposit for up to $943.