Here you can find out everything you need to know about social security payments in September.

What is that?

Former President Franklin D. Roosevelt signed the Social Security Act in 1935 and created the Social Security Administration to administer the legislation. The agency sends retirees monthly checks to replace their income when they stop working.

When will the check arrive?

Social Security payments typically begin on the second Wednesday of each month, with subsequent waves occurring in subsequent weeks. The distribution of payments depends on what day of the month a retiree was born.

Retirees born between the 1st and 10th of a month will receive their payments on September 11, while beneficiaries born between the 11th and 20th of a month will receive their checks on September 18. Retirees born on or after the 21st of a month will receive their payments on September 25.

How can I maximize my check?

The amount that beneficiaries receive depends on when they retire, the amount they have paid into social security and the number of years they have paid into social security.

The amount of the payments depends primarily on the recipient’s retirement age. According to the SSA, those who retire at the earliest age, 62, can earn up to $2,710 a month, while those who retire later, up to age 70, can earn up to $4,873 a month.

Beneficiaries can use the SSA calculator to get an individual estimate of their monthly benefits.

When am I eligible?

From the age of 62, citizens are entitled to social security payments.

CLICK HERE TO READ MORE FROM THE WASHINGTON EXAMINER

How is the financing done?

Social security is financed through income taxes paid by employers and employees.

Social Security payments are expected to decline unless Congress takes action. Analysts estimate that the SSA will no longer be able to pay full benefits to recipients as early as 2034 as the number of retirees increases and the number of workers decreases.