Social Security 2100 Act Increase In June 2024 – How much it will increase, Check Eligibility & Payment Date

Written byPraveen Singh

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Social Security 2100 Act Increase In June 2024: Congress has recently passed legislation which hopes to enhance the benefits offered under Social Security to eligible Americans. Under the Social Security 2100 Act, the officials will start offering the increasing benefit amount to the beneficiaries beginning in June 2024.

This change is going to be very helpful for people who are facing financial crisis due to low income, age and others. The low income makes it difficult for people to adjust to the increasing cost of living. Readers can learn more about the Social Security 2100 Act Increase In June 2024 through the following article.

Social Security 2100 Act Increase In June 2024

The Social Security 2100 Act ensures that the program continues to assist people in America who are in need. The increased amount will be reflected in the beneficiary’s account from June 2024. The Social Security 2100 Act is going to change the lives of the existing as well as new beneficiaries. However, one must make sure that the mentioned eligibility conditions are being fulfilled to get the increased amount of Social Security benefits.

Social Security 2100 Act Increase In June 2024 – How much it will increase, Check Eligibility & Payment Date

SSA 2100 Act Increase Details

One question which might be coming into every reader’s mind is How much it will increase? So, the SS benefits are ready to be increased by 2% which will happen first time in 52 years. The officials are also going to restore student benefits up to the age of 26. Along with it, the government will end the 5-month waiting period for disabled persons to get disability benefits.

Beneficiaries who are earning a moderate income will get some amount of relaxation in the taxes. The Old-Age and Survivors Insurance and Disability Insurance Trust Funds will be combined to offer seamless benefit payments. Elder beneficiaries who are receiving Social Security payments for 15 or more years will get a 5% additional increase in the benefit amount.

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Eligibility Criteria to get the Social Security 2100 Act Increase Amount

The following section holds information regarding the eligibility criteria which must be fulfilled to become eligible for the social security benefits. Given below are some of the basic eligibility requirements that are required from the interested candidates:

  • The primary insurance amount determined under Section 215 of the Social Security Act will be considered for eligibility criteria.
  • Candidates applying as singles must not exceed $2,000 in resources, while couples must not exceed $3,000.
  • Interested candidates should be at least 65 years old or older.
  • Candidates applying for a disability must possess a valid disability certificate.
  • Individuals who are already a part of the Social Security Benefits will automatically be considered for the increased amount.

Social Security 2100 Act Increase In June 2024 Payment Dates

Social Security Administration usually makes the payment based on the date of birth of the respective beneficiary. No one will get payment before the mentioned dates. The dates usually lie on Wednesdays of each month. If any holiday arises on any Wednesday then the payment date is shifted one day earlier. The same situation will happen in June 2024. Below is the table showing the SSA payment date for June 2024:

Birth DatePayment Date
1st to 10th2nd Wednesday of June 2024 i.e., 12th June 2024
11th to 20th3rd Wednesday of June 2024 i.e., 19th June 2024 18th June 2024
21st to 31st4th Wednesday of June 2024 i.e., 26th June 2024

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Frequently Asked Questions

What is the Social Security 2100 Act?
It is a reform initiative which addresses the budgetary challenges and improves the beneficiaries’ benefits. The legislation has made various changes which aim to benefit the disabled, public servants and other sections of society. One of the major changes is an increase in payment starting from June 2024.

How will the SSA 2100 Act Increase Amount be collected?
The federal government hopes that the rich section of society will pay their taxes on time without any wrong activity. Along with it, they will be closing the loophole of avoiding FICA taxes.

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