answersLogoWhite

0


Best Answer

If you're talking about retirement benefits, you should receive your first check or deposit in the month following your first month of eligibility; benefits are always paid in arrears. If you're talking about disability benefits, there is a five month waiting period, so you should receive your first check or deposit in the sixth month after the date disability was approved.

Benefits are paid according to the birth date of the person whose earning record is being used to issue payment:

1st - 10th.....................second Wednesday of month

11th - 20th...................third Wednesday of month

21st - 31st....................fourth Wednesday of month

SSDI + SSI...................third day of month

Approved prior to 1997...third day of month

SSI only........................first day of month

If the regularly scheduled payment falls on a holiday, the benefit will be issued one business day prior to the usual date.

User Avatar

Wiki User

13y ago
This answer is:
User Avatar
More answers
User Avatar

Wiki User

11y ago

taxes on employers and employees.

This answer is:
User Avatar

User Avatar

Wiki User

11y ago

Generally, SSI payments arrive on the first of the month. For example, a May payment would arrive on May 1. See the link for further information.

This answer is:
User Avatar

User Avatar

Anonymous

Lvl 1
3y ago

3rd of every month

This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: How are social security retirement benefits paid for?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

If a railroad worker had worked under Social Security before becoming a Railroad worker can they also receive Social Security benefits?

They can but that person's Railroad Retirement is going to be reduced. Here is a link to the Railroad Retirement Board's website that explains all the details about Railroad Retirement and Social Security Benefits. The tier I portion of a railroad retirement annuity is based on both railroad retirement and nonrailroad social security credits acquired by an employee and reflects what social security would pay if railroad work were covered by social security. Tier I benefits are, therefore, reduced by the amount of any actual social security benefit paid on the basis of nonrailroad employment, in order to prevent a duplication of benefits based on the same earnings. .


Will I lose my retirement accounts or payments from social security if I file for bankruptcy?

Generally, no. Retirement accounts that are ERISA-qualified aren't considered property of an estate and cannot be taken. Social Security benefits are generally protected from assignment, or garnishment for debts in bankruptcy. The Social Security Administration's responsibility for protecting benefits against legal process and assignment usually ends when the beneficiary is paid. Once paid, the benefits continue to be protected only as long as they can be identified as Social Security benefits. For example, money in a bank account where the "only" deposits into the account are direct deposits of Social Security benefits are "identifiable" and generally protected.


I am retired military 50 my wife 46 is going to retire from the Railroad in 2019 how is our social security impacted Can she receive RR retirement while I receive military retirement?

social security is not impacted by other retirements. they are separate. Your military retirement will not affect or change your wife's retirement from the railroad. you will each have your own retirement and at age 62 or older you each will also have your own social security. however, your wife many not have any input to social security benefits if she has not paid into social security during her work span. best to check with social security to see where she stands with social security


How are social security retirement paid for?

taxes on employers and employees.


What tax is paid for retirement income?

estate Social Security tax A+


Can a person draw survial benefits and their social security benefits?

I worked for the Fed Govt for 35 yrs before that I worked and paid 48 quarters into Social Security, my wife worked for the Railroad and was covered by Railroad Retirement, we are now retired. My Social Security was reduced under the Windfall Elimination Clause of the Social Security Act. I was entitled to a portion of my wife's Railroad Retirement Benefits. The Railroad Retirement Board recently informed me that they were reducing my benefits because I have a Federal pension. This is a double hit, since my Social Security benefits have already been reduced by 45%? I have appealed this ruling and hope to have it reversed. Can they reduce both benefits due to a Federal pension being drawn?


What are social security survivor benefits?

Social Security benefits are usually paid out at a set age. You may also receive social security for a spouse if they pass away or for a child if their parent passes away before they are 18 years old.


Can you apply for social security disability if getting social security?

When people refer to "Social Security," they general mean retirement benefits. SSDI is Social Security Disability Insurance, which is paid from the same fund, but available only to disabled people who are below full retirement age.If you're asking whether you can receive both Social Security retirement and Social Security disability benefits, the answer is no. If you meet SSA guidelines for disability, you receive SSDI until you become ineligible or reach retirement age, whichever occurs first. If you remain on SSDI until retirement, your Social Security benefits automatically convert from disability to retirement. You can't receive both at the same time.If you're asking whether you can receive private disability insurance payments after you begin receiving Social Security disability or retirement benefits, that depends on the policy. Consult with your insurance agent or employer for more information.


Which of these was not part of the Social Security Act?

American citizens' healthcare paid for by the Federal government.


Can you receive your pension in addition to Social Security?

You may be confusing the different types of Social Security benefits in your question.When people refer to "Social Security," they general mean retirement benefits. SSDI is Social Security Disability Insurance, which is paid from the same fund, but available only to disabled people who are below full retirement age.If you're asking whether you can receive both Social Security retirement and Social Security disability benefits, the answer is no. If you meet SSA guidelines for disability, you receive SSDI until you become ineligible or reach retirement age, whichever occurs first. If you remain on SSDI until retirement, your Social Security benefits automatically convert from disability to retirement. You can't receive both at the same time.If you're asking whether you can receive Social Security disability or retirement benefits with Supplemental Security Income (SSI), the answer is yes, if your income is low enough. SSI is a form of welfare for low-income disabled people and seniors age 65 and older.


Can I Receive disability social security after receiving social security?

Once you reach retirement age, your Social Security Disability benefits convert to regular retirement benefits, payable at the same rate. You cannot collect an additional amount due to disability. It is possible that you could qualify for the SSI supplemental security income, which is based on disability and income, in addition to your month Social Security benefit, but this is a different program and is not administered by the SSA. The amount of SSI paid is adjusted monthly based on what the person was able to earn in that month.


What benefits did the social security act provide to ensure peopplees economic well being?

The social security act gave and still gives people money for retirement when they reach the age of 67. Many people who work low paying jobs then and now don't pay into a retirement plan. So social security makes up for that with money taken out of their pay checks for 40 quarters and then paid back to them for retirement.