Retirees must meet 1 of these 2 Social Security requirements to receive a check for up to $4,873 on Dec. 3

In December 2024, retirees can receive a Social Security payment of up to $4,873, but only if they meet certain requirements. Understanding these requirements and how the payments work is important for those who rely on Social Security benefits.

Social Security Requirements for December 3, 2024 Payments

To receive the Social Security payment on December 3, 2024, you need to meet one of two requirements:

1. Start Collecting Retirement Benefits Before May 1997 – If you started collecting your retirement benefits before May 1997, you qualify for the first payment of December.
2. Receive Both Social Security and SSI Benefits – If you have both Social Security benefits and Supplemental Security Income (SSI), you will also receive the payment on December 3, 2024.

How Much Will Retirees Get?

The amount you receive depends on factors like your work history and when you filed for retirement. For most retirees, the average benefit will be around $1,927. However, some will receive much more.

• $4,873 for those who filed at age 70.
• $3,822 for those who filed at Full Retirement Age.
• $2,710 for those who filed at age 62.

These payments will be made without the 2025 cost-of-living adjustment (COLA), which will begin in January 2025. So, retirees will have to wait until then to receive the extra $50 boost.

Social Security Payments After December 3, 2024

Here’s a look at when the next payments will be issued:

• December 11, 2024: If your birthday is between the 1st and 10th of the month.
• December 18, 2024: If your birthday is between the 11th and 20th.
• December 25, 2024: If your birthday is between the 21st and 31st.

However, there’s a special change to note: since December 25 is a federal holiday, the payment for that date will be issued on Tuesday, December 24 instead.

Conclusion

For many retirees, the December 3 Social Security payment is a crucial financial lifeline. Meeting one of the requirements mentioned above is key to receiving this check, which could be as high as $4,873 for those who filed at age 70. Remember, payments will continue throughout December, with changes to the dates due to the holiday.

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