March Social Security Update: Seniors’ New Payment Dates Confirmed

The Social Security Administration (SSA) has just confirmed payment dates for seniors this month. As March has arrived, the first round of Social Security payments has been disbursed a few days early. 

Citizens who were eligible for SSI payments, retirees who had been receiving benefits before May 1997, and those who live outside of the United States received their payments last Friday, on the 1st of March.

Keep in mind that the payment schedule for Social Security and SSI benefits will vary if you are qualified for both. Starting now, your Social Security payment will be deposited on the third of each month, while your Supplemental Security Income (SSI) payment will be deposited on the first of each month. 

However, if the first or third day of the month comes on a weekend or holiday, those payment dates may need to be changed. For instance, due to March 3 falling on a weekend, Social Security beneficiaries got their March payments two days in advance, on March 1. 

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Seniors’ Social Security Payment Dates Confirmed

march-social-security-update-seniors-new-payment-dates-confirmed
The Social Security Administration (SSA) has just confirmed payment dates for seniors this month.

According to the financial aid program and age range, the payment schedule for Social Security in March 2024 is provided in the table below. For the full payment schedule for the year, refer to the Schedule of Social Security Benefit Payments 2024. 

What amount can seniors expect to receive in the monthly payments for March? 

Social Security retirement program participants who are seniors may expect to receive an average of $3,800 in March; the maximum benefit is $4,800. However, various elements will lead to variations in this payment amount. An individual’s average lifetime earnings subject to Social Security tax primarily determine the benefit amount, with higher earnings typically resulting in a higher monthly benefit. 

Moreover, the monthly payment decreases if benefits are claimed before reaching Full Retirement Age (FRA) and increases if benefits are postponed beyond the FRA. Lastly, the total amount might be adjusted based on specific rules if a person is receiving both Social Security disability benefits and retirement benefits. Understanding these elements is crucial for preparing for retirement and grasping the Social Security system.

What to do when your payment is delayed

If you’re still waiting for your check, here’s what you can do:

  • Kindly allow three business days to pass after the anticipated payment date. Occasional delays are to be expected, so a brief wait is reasonable.
  • Make sure to verify that your payment date is accurate. Take steps you’ve got the correct date by reviewing your benefit statement on the Social Security Administration’s (SSA) website. 
  • Reach out to your financial institution. If it’s been over three business days and you haven’t received your check yet, reach out to your bank to check if the payment is pending or if there are any issues with your account causing the delay.
  • Please reach out to the Social Security Administration (SSA). If your bank confirms that there are no issues on their end and the check has not arrived within three business days, you have the option to reach out to the SSA, report the delay online, or visit your nearest SSA office.

When you contact the SSA, be prepared to provide them with your Social Security number, address, phone number, and the expected date of your check. Finally, it’s important to remain patient. If the Social Security Administration (SSA) determines that your check was lost or stolen, they will provide you with a replacement.

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