Some beneficiaries of the Social Security Administration's retirement payments, worth up to $4,555, received their March retirement benefits Wednesday.

The disbursement marks the first of three waves of payments this month, with each wave going to people in a 10-day block of the month a person was born. This first round of payments was for people born between the 1st and 10th of a month, according to the SSA's schedule.

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The next round of disbursements will take place in one week, on March 15, and it will be for those born between the 11th and 20th of a month. The last payment will be on March 22, the fourth Wednesday of March, for people born between the 21st and 31st of a month.

The amount of money recipients get from the payments depends on their retirement age. The highest payment of up to $4,555 each month 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.

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

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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 two bipartisan senators are looking at raising the age of retirement to 70.

Currently, the retirement age is 67, but workers can take early retirement at 62 or delay retirement until they are 70.