There have been rumors circulating online about a $4873 payment from Social Security in June 2024. However, it’s essential to clarify that this information is not true. The Social Security Administration (SSA) provides various financial benefits under programs like Supplemental Security Income (SSI) and Social Security Disability Insurance (SSDI), but no official information supports the claim of a $4873 payment in June 2024. For accurate updates, always refer to the SSA’s official website at www.ssa.gov.
The SSA offers financial benefits to qualified beneficiaries in the United States through several programs. These benefits aim to provide financial support to individuals, especially those who have retired, are disabled, or have low income. The payments are based on several factors, including work history, contributions to Social Security, and reaching the full retirement age.
The amount of Social Security benefits varies depending on when you start collecting them. At age 65, the benefits are lower than at age 70, which is considered the full retirement age in the United States. This incremental increase incentivizes individuals to delay retirement if possible to maximize their benefits.
Eligibility Criteria
To receive Social Security benefits, individuals must meet specific eligibility criteria:
Age Requirement: US citizens can start receiving benefits at 65, but the maximum benefits are available at 70.
Work History: Benefits are based on your work credits and contributions to the Social Security system.
Application: Eligible individuals must apply for benefits, providing necessary documentation and proof of eligibility.
Living Arrangements: Recipients must ensure they do not receive overlapping SSA benefits.
Specifics for $4873 Payment
The rumored $4873 payment is said to be for those with the highest work credits and lower income, but no such payment is confirmed for June 2024. Any updates or approvals would be officially communicated by the SSA.
The SSA disburses payments based on beneficiaries’ birthdates. Here is the schedule for June 2024:
Birth Dates
Day
Payment Date
SSI/VA
–
31 May 2024
1-10
2nd Wednesday
12 June 2024
11-20
3rd Wednesday
18 June 2024
21-31
4th Wednesday
26 June 2024
Fact Check
Claims of a $4873 payment from Social Security in June 2024 are false. The SSA has not released any information confirming such a payment. Generally, the maximum benefits are around $4873, but this is specific to individuals who have reached the age of 70 and have significant work credits. Always verify such claims through the SSA’s official channels to avoid misinformation.
Social Security benefits are a crucial source of financial support for many Americans. While there are occasional rumors about substantial payments, it’s vital to check official sources before believing or acting on such information. The SSA’s programs aim to provide stable and reliable benefits based on well-established criteria and schedules.
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