The third and final round of this month's social security payments is set to go out this week—and could be worth up to $4,873 for eligible retirees.The largest pay-outs will be sent to the biggest income earners who waited until 70 before retiring.Two previous payments were issued to other beneficiaries earlier this month and now the remaining recipients will receive their pay-outs on Wednesday, March 27, although the payment can take up to three days to arrive.
Anyone who retired before 1997 got the payment on March 1, while those who had birthdays between the 1st and 10th saw their money issued on March 13. This week's payment, on March 27, is for those who were born between the 21st and 31st of a given month.This year's payments have seen a boost thanks to a cost-of-living adjustment. Recipients will receive a 3.2% increase, compared to the monthly payments last year. Although the raise is significantly lower than the 8.
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