Millions of Social Security recipients will receive their monthly retirement checks for April in three days.
The monthly payment schedule for regular Social Security checks has three waves, all occurring on Wednesdays or Tuesdays if a Wednesday is a federal holiday.
The distribution of payments is divided by the days of the month a recipient was born into three waves, with the April 23 payment being the third wave.
The first wave of payments was sent out on April 9 to those born between the first and the 10th of a month, while the second wave of checks was sent out on April 16 to those born on the 11th through the 20th of a month.
Social Security payments are based on the earnings throughout a retiree’s life and have no limits based on income, but the amount each check is worth depends on the age at which a person retires. Citizens are eligible for Social Security beginning at 62 years old, but can earn more by waiting until later to retire.
Those who retire at age 67 receive a maximum check of $4,018, while those who retire at age 62 get up to $2,831, and those who delay retirement until age 70 get the largest payment of $5,108 per month, according to the Social Security Administration.
The monthly Social Security payments are different from other checks given out by the SSA, such as disability insurance or Supplemental Security Income, which are sent out on a different schedule.
SSI payments are sent to recipients by the beginning of each month for those with debilitating disabilities that may affect their income.
