With summer just around the corner, many families are soon to be embarking on another annual family vacation over the school break. Family vacations often mean a trip to visit grandparents and other relatives, both in and out of state. With expectant family members visiting, grandparents and other Social Security beneficiaries will be happy to be receiving a new Social Security check to arrive this month, to prepare for a summer well-spent among family members.
When to expect your Social Security payment this month
June officially means the release of the first summer months’ Social Security payments. While the seasons may be shifting, the same Social Security payment schedule will be followed as per last month, with some minor deviations. The Social Security Administration (SSA) ensures that the payment schedule is constant and predictable for beneficiaries to ensure that they can budget effectively and timely.
Generally, the SSA releases payments according to the following schedule:
- Wednesday, June 11: Birth dates between the first and 10th of the month.
- Wednesday, June 18: Birth dates between the 11th and 20th of the month.
- Wednesday, June 25: Birth dates between the 21st and 31st of the month.
However, if you claimed your benefits before May 1997, your payment date to receive your benefits will always be the third of the month. Additionally, if you also receive Supplementary Security Income (SSI) from the SSA, you will also receive your benefits on the third. However, if you only receive SSI, you are paid on the first of every new month.
This month, June 1 fell on a weekend, meaning that those beneficiaries who generally receive their payments on the first of every month had their payments advanced to May 30, meaning the next time they will receive a payment from the SSA will be July 1. This is the same circumstance for veterans who receive benefits through the US Department of Veterans Affairs.
Beneficiaries see increased payments this month
While not all SSA beneficiaries will be receiving a $5,000 payment this month, many may have noticed that their payments have increased since the start of the year. This may be since, as a beneficiary, your benefits were reduced due to the Windfall Elimination Provision (WEP) and the Government Pension Offset (GPO) acts. However, these acts have since been repealed with the introduction of the Social Security Fairness Act.
The new act means that those who received a pension from work not covered by Social Security taxes or who were widows, spouses, or survivors with their own pensions will no longer have their benefits adjusted to account for this extra income. The new piece of legislation went into effect in January of this year and has also started paying beneficiaries retroactive payments from January 2024. The new act is set to raise the benefits of approximately 2.8 million beneficiaries.
