Millions of Social Security recipients will receive their monthly checks for February today. Those born between the 11th and the 20th of their respective birth month will get their regular monthly payment from the Social Security Administration on Feb. 19.
The monthly payment schedule for regular Social Security checks has three waves. All occur on Wednesdays or Tuesdays if a Wednesday is a federal holiday. The distribution of payments is divided into three waves by the day of the month a recipient was born.
The Feb. 19 payment is the second wave. The first wave of payments was sent out on February 12 to those born on the 1st through the 10th of the month. The third wave of checks will be sent out on Feb. 26 to those born from the 21st through the 31st of the month.
Distribution of February Social Security payments
Social Security payments are based on earnings throughout a retiree’s life. They are not limited by income.
However, the amount each check is worth depends on when a person retires. Citizens are eligible for Social Security beginning at 62. They can earn more by waiting until later to retire.
According to the Social Security Administration, those who retire at 67 receive a maximum check of $4,018. Those who retire at 62 get up to $2,831. And those who delay their retirement to 70 get the largest payment of $5,108 per month.
The monthly Social Security payments are different from other checks issued by the SSA. These include disability insurance or Supplemental Security Income, and they are sent out on a different schedule.
SSI payments are sent to recipients by the beginning of each month. They go to those with debilitating disabilities that may affect their income.
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