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

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

Retirees born between the first and 10th of a month will receive their payment 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 for those born on or after the 21st of a month.

An executive order that transitions federal government payments from paper checks to electronic payments went into effect on Tuesday. 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

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