June’s second Social Security payments issued

The Social Security Administration (SSA) is set to distribute payments of up to $2,831 to eligible 62-year-old retirees this week. The payment date is June 25, 2025, for those who started receiving benefits after April 30, 1997, and whose birthdays fall after the 20th of any month. To qualify for this payment, retirees must have begun collecting Social Security after April 30, 1997, and not before May 1997. They must also not be currently receiving Supplemental Security Income (SSI) benefits and must remain eligible according to Social Security Administration (SSA) rules. Retirees who have high earnings over many years may be eligible to collect the maximum payment of $2,831. To receive this amount, they must have worked for at least 35 years, often more, with consistently high annual earnings. All work years must have been in jobs covered by the SSA. On average, a 62-year-old male Social Security recipient receives about $1,485, while women get about $1,207.

June 25 Social Security payday

The average payment for all retired workers is $2,002. Early filing can significantly reduce the monthly Social Security payment in retirement. Individuals who have worked for at least 10 years must apply for retirement benefits to begin receiving monthly payments, even if they do not rely on this income. The next Social Security payment is scheduled for June 25, 2025, for eligible retirees. Eligibility depends on several factors, including the starting payment date, continuous eligibility, and adherence to Social Security Administration (SSA) rules. Working for more years and earning higher wages can lead to higher monthly benefits. Social Security benefits provide critical financial support to retirees. Understanding eligibility and the payment structure can help maximize these benefits.