The first round of three Social Security retirement payments for April, worth up to $4,555, will be sent to recipients in two days.
The first disbursement will be released Wednesday. It will go to retirees born between the 1st and 10th of a month.
The second wave of payments, for those born between the 11th and 20th of a month, will be released on April 19. The final wave will be sent out one week later, on the last Wednesday of April. It will be for those born between the 21st and 31st of a month, according to the SSA's schedule.
Each of these 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 amount of money each person gets depends on his or her age at retirement. The highest payment of $4,555 per month goes to eligible people who retired at 70. Recipients who retired at 67 receive a maximum check of $3,627, and anyone who retired at 62 gets up to $2,572, according to the Social Security Administration.
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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.
The current retirement age is 67, but people can delay retirement until they are 70 or retire early at age 62.