Social Security to send payments of up to $4,555 on June 14

According to the Social Security Administration’s schedule, the first round of insurance payments for June will begin mailing on June 14.

The payment will be made within 16 days, between the second Wednesday of June, and will be sent to individuals born between the 1st and 10th of any month.

Each payment is normally made from the second through the fourth Wednesday of each month, and payments of up to $4,555 will be made.

In addition, retirees are expected to receive the next payment a week later, on June 21, and will go to retirees born between the 11th and 20th months of any month.

The last round of payments will be made on the last Wednesday of the month, June 28, and will be made to retirees born in the 21st of any month of the year.

Each beneficiary receives an amount of money depending on his or her age at the time of retirement.

Beneficiaries who retired at age 62 receive a maximum of $2,572, while those who retired at age 70 may receive a payment of up to $4,555.