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

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

Retirees born between the 11th and 20th of a month will receive their payments on Oct. 15. 

The first round of payments went out on Oct. 8 for retirees born between the first and 10th of a month, while the third round will be issued on Oct. 22 to those born on or after the 21st. 

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, although fewer than 1% receive their benefits through paper checks.

When am I eligible?

Citizens are eligible for Social Security payments beginning at 62

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