expected summer bonus to come for many retirees between Social Security! However, there are some details you need to know to avoid unpleasant surprises. They warn from SSI, unfortunately, some retirees will not receive this long-awaited bonus for a specific reason. Find out who they are and why they are in this situation!
While it’s true that retirees have recently received their last payment, many are already considering their well-deserved summer vacation. It’s understandable that they don’t want to know. When will they receive the additional payment for June and if they are entitled to it. The fact is, as we will explain below, some retirees will not be able to take advantage of this additional bonus.
Compensation to non-contributory pension beneficiaries from Imserso
Persons who will definitely receive the additional payment, non-contributory retirement Imserso’s. Although they do not contribute, the Government considers that the amount they receive is insufficient (not even reaching half the Minimum Interprofessional Wage), so they receive a small compensation during the summer and at Christmas.
How much will retirees receive in their summer supplement?
for both retirees Imserso and Social Security, the amount of the overpayment corresponds to a regular monthly payment. This means that the money they will soon receive will be the equivalent of two monthly payments. For example, if a person receives a pension of 800 Euro, he will see that 1,600 Euro has been deposited into his account.
Most pensions, such as retirement, widowhood, orphanage, permanent disability, and in favor of family members, are divided into 14 payments throughout the year., including two outstanding payouts of summer and Christmas. But, there is an exception for certain special cases.
Which pensioners will be left without an additional summer salary?
Which retirees won’t get extra payments from Social Security this summer? In the first stage, retirees who have just left the labor market and receives pension for the first time This June By law, this bonus corresponds to the months between November and May, so they will only receive the extra Christmas wage.
On the other hand, Permanent disability beneficiaries with disability equal to or greater than 33% due to work accident or occupational disease will also be affected. In their case, they will not receive the two monthly payments together, but The pension is divided into 12 annual payments.
Important dates: When will the summer bonus be charged?
But, When will the summer bonus be collected? According to the General Social Insurance Law, monthly payments are made on the first or fourth working day of the following month. Then, Income from the summer supplement is generally credited to the beneficiaries’ bank accounts as of the 25th day of the respective month.. However, if this date falls on a Sunday or a holiday, the payment will be postponed to the next business day. As a result, the collection of the additional summer fee will be made on Monday, June 26, 2023.
It’s important to know about these details to avoid confusion and plan your finances properly this summer. If you are a beneficiary of pension and have any questions about your supplement, we recommend that you contact Social Security directly for accurate and up-to-date information. Enjoy the summer with peace of mind and without financial shocks!