The Social Security Administration (SSA) will be issuing new retirement checks to thousands of beneficiaries in the United States in a few days.
However, not all beneficiaries will receive this new check; eligibility criteria must be met to have it deposited into your checking account.
Eligibility Requirements
Determining eligibility for this payment is straightforward. There are only two requirements, and if both are met, you will receive the new benefit on July 10th if you have Direct Deposit activated.
- Birth Date Requirement: You must have been born between the 1st and 10th of any month.
- Retirement Acceptance Date: Your pension must have been accepted from May 1997 onwards.
Direct Deposit and Payment Timing
Beneficiaries must pay close attention to both the requirements and the chosen collection method. If eligible but Direct Deposit is not activated, you will still receive the money, just a few days later. Conversely, if Direct Deposit is activated but you are not eligible, the payment will arrive on a different date.
Eligible Retirees for July 10th Payment
Retirees who meet the two requirements will receive their payments on July 10th via Direct Deposit. Failure to meet these requirements means the payment will be issued on a different day of the month.
- Requirement 1: Birthdate must be between the 1st and 10th of any month.
- Requirement 2: Pension acceptance must be from May 1997 onwards.
Clarification on Requirements
The year and month of birth do not impact eligibility for the July 10th payment, only that the birth date falls between the 1st and 10th. Additionally, while the pension must have been accepted from May 1997, any month after this date also qualifies.
Payment Process
If both requirements are met, the payment will be deposited on the 10th of the month via Direct Deposit. Without Direct Deposit, the payment will arrive in the days following the 10th, potentially taking up to 3 days to appear in your account.
FAQs:
What are the requirements for the July 10th SSA payment?
You must be born between the 1st and 10th of any month and have your pension accepted from May 1997 onwards.
When will I receive my payment if I don’t have Direct Deposit?
Payments will arrive a few days after the 10th, potentially taking up to 3 days to appear in your account.
Does the year of birth affect eligibility for the July 10th payment?
No, only the birth date between the 1st and 10th of any month is relevant.
