All individuals receiving Social Security retirement benefits and disability payments should take note that there will be no disbursements of Social Security funds during the upcoming week. Those receiving both Social Security retirement benefits and Supplemental Security Income (SSI) may receive both payments on March 1st, which coincides with the fourth week of February.
As a result, there will be no Social Security payments in the first week of March, as the Social Security Administration (SSA) has already arranged for payment on March 1st for SSI recipients and retirement beneficiaries born prior to May 1997.
Highest Social Security Retirement Payout:How Much?
The maximum benefit one can receive upon retirement is contingent upon the age at which they choose to retire.
For instance, retiring at the full retirement age (FRA) in 2024 would yield a maximum benefit of $3,822.
Conversely, opting for retirement at age 62 in the same year would result in a maximum benefit of $2,710, while retiring at age 70 in 2024 would grant a maximum benefit of $4,873.
The maximum amount obtainable from a spouse’s employment record becomes accessible at the full retirement age, which typically falls between 66 and 67, and does not increase if applied for thereafter.
In the event of a spouse’s death, survivor benefits may be available from the age of 60, or 50 if one is disabled.
March 2024: Full Social Security Payments Schedule
In addition to the well-known Social Security Retirement benefits initiative, the Social Security Administration (SSA) oversees several other programs, such as Supplemental Security Income (SSI) and Social Security Disability Insurance (SSDI), aimed at providing financial aid and assistance to various segments of the American populace.
Outlined below is the Social Security payment schedule for March 2024, categorized by the financial assistance program and birth date range. It’s important to note that the birthdate range pertains to any month and falls within the given dates.
- SSI benefits and Retirement (Born before May 1997) March 1st Payment is consistently issued on the first of each month.
- Retirement and SSDI benefits 2nd Wednesday (March 13th) Birth Date range: 1st–10th.
- 3rd Wednesday (March 20th) Birth Date range: 11th–20th.
- 4th Wednesday (March 27th) Birth Date range: 21st–31st.
