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Misty Severi, Breaking News Reporter


NextImg:Social Security update: Direct payment worth up to $4,555 goes out to millions in six days

The second round of April's three Social Security retirement payments, worth up to $4,555, will be sent to recipients in just under a week.

The second disbursement will be released on April 19, and it will be for those born between the 11th and 20th of a month.

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Each of the three payments coincides with the 10-day block of a month in which the recipient was born. The payments are sent out on the second, third, and fourth Wednesdays of every month.

The first distribution went to retirees born between the 1st and 10th of a month, and it was released on the second Wednesday of the month. The final wave will be sent out on April 26, the last Wednesday of April, and it will be for those born between the 21st and 31st of a month, according to the SSA's schedule.

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The amount of money recipients get depends on his or her age at retirement. Recipients who retired at the current retirement age of 67 receive a maximum check of $3,627. But people who retired at 62 get up to $2,572, and those who delay retirement to 70 get the highest payment of $4,555 per month, according to the Social Security Administration.

People could see a decrease in their payments if Congress does not determine how the program will be funded by 2037. Discussions on the future of Social Security have occurred in Congress for years, and experts recently warned that the program could be insolvent in 10 years if nothing is done.