Update on Social Security: Direct payments worth up to $4,555 will be sent in four days to millions
As per the Social Security Administration's schedule,
millions of retirees will receive the first of three payments in June, worth up to $4,555.
Payments will be released on June 14, the second Wednesday of the month,
and will be sent to people born between the first and tenth of the month.
Two weeks later, on June 21, retirees will receive the second distribution,
which will go to those born between June 11 and 20.
To those born after the 21st of the month, the final wave of
Benefits will be sent on June 28, the last Wednesday of the month.
A monthly payment is made on the second, third, and fourth Wednesdays of each month.
Depending on the beneficiary's age at retirement,
each beneficiary receives a different amount of money.
It is estimated that those who retire at 62 receive monthly installments of up to $2,572,
those who retire at 67 receive a maximum payment of $3,627,
and those who delay retirement until 70 receive the highest payment, which is $4,555 per month.
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