First round of October Social Security payments goes out in four days

The first round of October Social Security payments, now capped at $5,108, will be issued in four days.

Retirees born between the first and 10th of a month will receive their payments on Oct. 8.

The second round of payments will go out on Oct. 15 for retirees born between the 11th and 20th of a month, and the third round will follow on Oct. 22 to those born on or after the 21st of a month.

An executive order transitioning federal government payments from paper checks to electronic payments took effect on Sept. 30. Social Security recipients are among those affected by this change, though less than 1% received their benefits through paper checks.

When am I eligible?

Citizens are eligible for Social Security payments

Continue reading