Every month, the Social Security Administration (SSA) sends new Social Security payments to millions of American citizens, but this week there are some retirees and disabled people who will not receive the regular $1,900 check on Wednesday.
According to the Social Security payment schedule, only retirees and disabled people whose birth dates range between the 1st and the 10th will get their benefits on Wednesday, March 13th. This means that beneficiaries who were born between the 11th and 20th and between the 21st and 31st won’t receive payments until March 20th and March 27th, respectively. To get detailed information regarding payments for retired workers or disabled people, please visit the Schedule of Social Security Benefit Payments 2024.
Social Security’s financial operations are managed by two federal trust funds: the Old-Age and Survivors Insurance (OASI) trust fund and the Disability Insurance trust fund. Despite having separate legal identities, they are frequently referred to as “the Social Security trust fund” as a group. The trust funds hold all of Social Security’s payroll taxes and other designated income, and they are also used to pay all of Social Security’s benefits and administrative costs.
In February 2023, approximately 66 million people, or roughly one in every five United States residents, received Social Security payments. While older adults account for roughly four out of every five beneficiaries, the remaining one-fifth receive Social Security Disability Insurance (SSDI) or are young survivors of deceased workers.
What is the maximum benefit that retired workers and disabled people can earn?
The amount of your March benefits will vary based on the type of Social Security benefit you are receiving. A thorough breakdown of all the Social Security benefits anticipated for March may be found here:
| Social Security program | Maximum Benefit |
| SSDI payments | $3,822 |
| Retirement payments | Full FRA: $3,822
Age 62: $2,710 Age 70: $4,873 |
An essential component of Social Security, Social Security Disability Insurance (SSDI) pays workers modest but necessary payments when they are unable to support themselves because of a severe and persistent medical impairment. In October 2023, Social Security paid disability compensation to almost 7.4 million individuals. A portion of their family members—89,000 spouses and 1.1 million children—also receive payments.
How are SSDI benefits financed?
The Social Security payroll tax is the main source of funding for SSDI compensation, which came to $143 billion in 2022. That amounts to less than 1% of GDP and about 2% of the federal budget. Both employers and employees are required to pay the 0.9 percent SSDI tax on their earnings, up to the Social Security tax threshold of $168,600 in 2024.
Moreover, an SSDI trust fund, which is legally distinct from the considerably larger Social Security retirement fund and collects payroll tax income and benefits payments, manages the program’s financial operations. The SSDI trust fund is expected to be filled over the 75-year long-range projection window, which runs through 2097, according to the most recent estimates.
Social Security payments confirmed for April
Beneficiaries should always be informed about the upcoming Social Security payments, which are crucial for daily living expenses and managing the financial budget. Here you will find the Social Security payment schedule confirmed for April 2024.
| Social Security Financial Programs | Date | Payment date |
| SSI benefits | April 1st (Monday) | Payment always falls on the first of each month. |
| Retirement benefits (Retirees who applied before May 1997) | April 3rd (Wednesday) | Payment is sent on the third of each month. |
| Retirement and SSDI benefits | 2nd Wednesday (April 10th)
3rd Wednesday (April 17th) 4th Wednesday (April 24th) |
Day of birth: 1st – 10th.
Day of birth: 11th – 20th. Day of birth: 21st – 31st. |