Social Security Sends July 22 Payments to Retirees Born After 20th, Capped at $5,181
Updated
Updated · Washington Examiner · Jul 19
Social Security Sends July 22 Payments to Retirees Born After 20th, Capped at $5,181
3 articles · Updated · Washington Examiner · Jul 19
Summary
July 22 marks the third and final July payment date for retirees born on or after the 21st of any month.
The maximum monthly benefit in this round is $5,181 for retirees who claimed at age 70, while those claiming as early as 62 can receive up to $2,969.
July 8 payments already went to beneficiaries born on or before the 10th, and July 15 checks went to those born from the 11th through the 20th.
Social Security is funded by employer and employee payroll taxes, but trustees say the retirement fund is on track to be depleted by 2032 without congressional action.