The Social Security Administration is sending direct payments worth up to $4,555 to millions of people in five days
According to the Social Security Administration, millions of beneficiaries
will receive the first of June's three payments in less than a week.
The payment will be released on Wednesday, June 14,
and will go to recipients born between the first and tenth of each month.
Every month, the payments are disbursed on the second, third, and fourth Wednesday. In June,
the first wave is sent out on the second Wednesday.
A week later, on June 21, the second distribution will be
made to retirees born between June 11 and 20. One week later, on June 28,
the fourth and final Wednesday of the month, the final wave will go out to those born after the 21st.
Depending on the beneficiary's age at retirement, he or
she will receive different amounts of money.
According to the Social Security Administration, recipients
who retire at 62 receive a maximum monthly payment of $2,572,
those who retire at 67 receive a maximum payment of $3,627, and
those who delay retirement until 70 receive a maximum monthly payment of $4,555.
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