In just 5 days, the third and last round of April’s 3 Social Security retirement funds, totaling up to $4,555, will be distributed.
Those who were born during the 21st and the 31st of the month would receive the final payment on April 26. Each month, the payouts are made on the 2nd, 3rd, and 4th Wednesdays; the week whereby the payout is made coincides with the 10 days of the month in which the recipient was born.
Depending on their age at retirement, every individual receives a different sum of money. A maximum check of $3,627 is given to individuals who resigned at the present retirement age of 67. As per the Social Security Administration, individuals who wait to retire until age 70 receive the greatest monthly benefit of $4,555 while those who retire at age 62 receive up to $2,572.
Retirement beneficiaries who were born during the first and tenth of the month received the first payout, which was made on the 2nd Wednesday of the month. As per the SSA’s schedule, the 2nd round was distributed on April 19, the third Wednesday of April, and it was for people who were born on either the eleventh or twentieth of a month.