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NextImg:Social Security update: First round of June payments worth $4,873 goes out in one day - Washington Examiner

The first of June’s three Social Security payments, worth up to $4,873 for those who retire at 70, will go out to the next group of retirees tomorrow.

The first round of payments is set to go out in one day on Wednesday, June 12, to beneficiaries who were born on or before the 10th.

People born on or after the 21st of their birth month will receive their checks on June 26. People born on or between the 11th and 20th of the month will get their checks on June 18. Those born between the 1st and 10th of their birth month are set to receive checks on June 12.

Each recipient will only receive one check. The maximum amount that a retiree is entitled to depends on their age of retirement, the amount they paid into Social Security, and how long they paid into the program.

CLICK HERE TO READ MORE FROM THE WASHINGTON EXAMINER

Those who retired at age 70 can receive up to $4,873 per month. Retiring at the full retirement age of 67 will give someone a maximum benefit of $3,822 per month. People who retire at age 62 are entitled to less and can only receive up to $2,710 a month.

Payments in 2024 are adjusted by 3.2% from 2023 to reflect cost-of-living increases due to inflation.