Millions of retirees will receive the second of three rounds of Social Security retirement payments for October, worth up to $4,555 for those who retired at 70, on Wednesday.
The second payment will be released on Oct. 18 for those born between the 11th and 20th of their birth month. The third and last group receives their checks a week later, on Oct. 25, for those born on or after the 21st. Those born between the first and 10th of their birth month have already received their checks. Each recipient gets a single check.
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A person must have paid into Social Security for at least 10 years to qualify for the payments.
Social Security payments are based on the earnings that are made throughout a recipient’s career. The maximum amount people receive varies based on the age the person retires. Those who retired …
Social Security update: Second round of direct payments worth up to $4,555 arrives in two days
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