Retirees aged 66-67 who qualify for Social Security benefits can expect payments of up to $3,822 in November 2024. This maximum amount applies to individuals who have worked for a minimum of 35 years, have reached their Full Retirement Age, and meet other specific criteria.
Payment Schedule for November
Payment dates in November vary based on birth dates and other factors. Here’s a breakdown of the key dates and eligibility requirements:
November 1 Payments: Early Payday for Some
Those who began receiving Social Security benefits before May 1997 will get their November payment on November 1. This group includes individuals who also receive Supplemental Security Income (SSI) due to limited financial means. However, it’s important to note that SSI recipients typically do not qualify for the maximum Social Security payment, as SSI benefits are generally lower.
November 13 Payments: For Birthdays on the 1st-10th
For retirees who filed for Social Security after 1997 and were born between the 1st and 10th of the month, the first Wednesday payment date is November 13. To be eligible for the maximum benefit of $3,822, recipients must fulfill the following criteria:
- Filed for Social Security after April 30, 1997
- Are not receiving SSI benefits alongside Social Security
- Have worked for 35 years or more in jobs covered by Social Security
- Filed at Full Retirement Age (66-67)
- Have earned the maximum contribution to Social Security for 35 years
November 20 and 27 Payments: For Later Birthdays
Payment dates extend to November 20 and 27 based on birth dates:
- November 20: Recipients born between the 11th and 20th of any month
- November 27: Recipients born after the 20th
These later payment dates apply not only to retirees aged 66-67 but also to other Social Security beneficiaries, depending on their birth dates and filing details.
Average vs. Maximum Benefits
While the maximum monthly benefit is $3,822, most retirees receive less. As of August 2024, the average Social Security benefit for retired workers is approximately $1,920. Many retirees, particularly those who did not reach the maximum earning thresholds, may see amounts lower than this average.
