Social Security second round June payments – In four days, millions of Social Security beneficiaries will receive their June retirement checks, valued at up to $4,873 per payment for those who retire at 70 years of age.
The Social Security Administration will provide monthly checks to beneficiaries born between the 11th and 20th of the month starting on Tuesday.
The June checks were sent to recipients whose birth dates were from the 1st through the 10th of each month earlier this month, whereas those whose birth dates are from the 21st through the 31st of any month will receive their monthly checks during the third distribution wave.
It is important to note that Social Security payments are based on earnings over the course of a retiree’s life and have no income limits; however, the amount of each check is dependent on the age of the retiree when he/she retires.
Social Security second round June payments
According to the Social Security Administration, people who retire at the age of 67 receive a maximum check of $3,822, while those who retire at the age of 62 receive up to $2,710, and those who retire at the age of 70 receive the largest monthly payment of $4,873.
Each month, payments are made in three waves, usually on Wednesdays – or Tuesdays if Wednesday falls on a federal holiday. Each wave of checks is divided by the day of the month in which the recipient was born.
Due to the fact that Wednesday is Juneteenth, a federal holiday, the second wave of payments will be issued on Tuesday. This month’s first wave of payments was sent out this week, and the third wave will be sent out on June 26.
A Social Security payment differs from other checks issued by the Social Security Administration, such as disability insurance or Supplemental Security Income, which are issued on a different schedule.
