Q:

What is the pay schedule for Social Security?

A:

Quick Answer

Social Security retirement benefits for people whose claims took effect after May 1, 1997, pay out on the second, third and fourth Wednesdays of each month, depending on beneficiaries’ birthdays. For people with earlier claims, the payment date is the third of the month, notes the Social Security Administration.

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Full Answer

The second Wednesday of the month is the payment date for beneficiaries with a birthdate that falls between the first and the 10th of the month, and the third Wednesday is the payment date for those with birthdays that fall between the 11th and the 20th. The fourth Wednesday is the payment date for those with birthdays that fall between the 21st and the 31st, notes the SSA. When a regular Wednesday payment date falls on a federal holiday, the government makes payments on the previous day.

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