As per the Social Security Administration’s timetable, the 2nd of May’s 3 Social Security payments, valued up to $4,555, are expected to be distributed to pensioners in 4 days.
The money will be given out on May 17, which is the 3rd Wednesday in May, to anyone who was born within the 11th and 20th of a given month. The second, third, and fourth Wednesdays of every month are when the payouts are made.
Retirement beneficiaries who were born during the 1st and tenth of the month received their first payment on May 10, the 2nd Wednesday of the month. Individuals born between May 21 and May 31 will receive the last wave, which will be delivered on May 24.
Each beneficiary receives a different amount of funds depending on their age at retirement. A maximum cheque of $3,627 is given to beneficiaries who quit at age 67; a maximum of $2,572 is given to beneficiaries who resigned at age 62; and a maximum of $4,555 is given to beneficiaries who postponed retirement till 70 years of age.