March's second round of the Social Security Administration's retirement payments, worth up to $4,555, will be sent to beneficiaries in four days.

The payments being issued on March 15 will be the second of three payments SSA recipients receive this month. Each round of payment is sent based on a 10-day block of the month a person was born in. This round of payments is for people born between the 11th and 20th of a month, according to the SSA's schedule.

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The amount of money recipients get from these payments depends on the age at which they retired and when they started receiving the benefits. The highest monthly payment of up to $4,555 goes to people who retired at 70. Recipients who retired at 67 will receive a maximum check of $3,627, and anyone who retired at 62 will get up to $2,572, according to the SSA.

Currently, the age of retirement is 67, but workers can take early retirement at 62 or delay retirement to 70.

The first round of SSA retirement payments for this month was issued on March 8 and was for recipients born between the 1st and 10th of a month. The last payment will be sent on March 22, and it will be for people born between the 21st and 31st of a month.

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Retirement payments from the SSA differ from other payments distributed by the agency, such as disability insurance or Supplemental Security Income.

The amount of money retirees receive in Social Security is subject to change, and it may even decrease if Congress does not determine how the program will be funded in the future. Discussions on Social Security have been ongoing in Congress for years, but a pair of bipartisan senators is looking at raising the age of retirement to 70.