Seniors aged 67 and above, along with retirees of various age groups, can anticipate two remaining Social Security payments this March. As of December 2024, the average retirement benefit for both men and women stands at $1,929.
This payment is scheduled for March 19, though not all retirees will be eligible. Below is a breakdown of who qualifies and when payments will be issued.
Who Will Receive Social Security Payments on March 19?
To be eligible for a March 19 Social Security payment, your birthday must fall between the 11th and 20th of any month. The specific year or month of birth does not impact eligibility, as long as you began receiving retirement benefits after April 30, 1997.
However, those aged 67 who started collecting benefits before May 1997 will have to wait until April 3, 2025, for their next payment. Similarly, Supplemental Security Income (SSI) recipients will also receive their next deposit on April 3, 2025.
March 2025 Social Security Payment Schedule
For those still awaiting their payments, here is the Social Security payment schedule for March 2025:
- March 19, 2025 – Retirees born between the 11th and 20th of any month
- March 26, 2025 – Retirees aged 62 or older, born between the 21st and 31st of any month
Is $1,929 the Maximum Social Security Benefit?
No, $1,929 is not the highest possible Social Security benefit. Retirees who filed at Full Retirement Age (FRA) may qualify for up to $4,018 in monthly payments, which will be disbursed on either March 19 or March 26, depending on their birthdate.
To qualify for the $4,018 maximum benefit, individuals must have:
Worked in covered employment for 35 years
Earned the taxable maximum each year
Retirees who file at FRA will receive 100% of their entitled benefits. However, those who delay filing until age 70 could receive higher payments. If you file at FRA, you will not receive additional bonuses beyond your full benefit amount.
Lower Social Security Benefits for Some Retirees
Many retirees aged 67 and older may receive lower Social Security benefits in 2025. If you or someone you know is affected, applying for Supplemental Security Income (SSI) could be beneficial.
What is SSI?
SSI is a federal program designed to provide financial support to individuals aged 65 or older with low income and limited resources. This additional benefit can significantly improve financial security for eligible retirees.
Social Security Payment Summary for March 2025
| Payment Date | Eligibility | Expected Payment Amount |
|---|---|---|
| March 19, 2025 | Retirees born between 11th and 20th of any month | $1,929 (average) |
| March 26, 2025 | Retirees aged 62 or older, born between 21st and 31st | Varies based on individual eligibility |
| April 3, 2025 | Retirees who started benefits before May 1997 & SSI recipients | $1,929 (or SSI amount) |
As the final Social Security payments for March 2025 approach, it is crucial for retirees to understand eligibility rules and payment dates.
While the average Social Security payment is $1,929, some may receive higher or lower amounts, depending on when they filed and their eligibility for SSI.
If you are a retiree aged 67 or older, or if you know someone who is, staying informed about these payment schedules and benefit amounts can help you plan effectively and ensure you receive the financial support you deserve.
FAQs
1. Who qualifies for the Social Security payment on March 19, 2025?
Retirees born between the 11th and 20th of any month who started receiving benefits after April 30, 1997.
2. Can I receive more than $1,929 if I am 67?
Yes. If you filed at Full Retirement Age and met all eligibility requirements, you could receive up to $4,018.
3. When is the last Social Security payment for March 2025?
The final Social Security payment will be made on March 26, for retirees aged 62 or older, born between the 21st and 31st of any month.
4. What is Supplemental Security Income (SSI)?
SSI is a federal assistance program for individuals aged 65 or older who have low income and limited resources. It provides additional financial support for those in need.