India, July 15 -- The Social Security Administration (SSA) will soon be rolling out monthly payments to those eligible to receive them on July 16. Since millions of senior citizens along with those affected by disability and survivor benefits depend on this payment as a cornerstone of their personal finance calendar, it's important to know the exact date, amount, and method of the benefits being delivered.

The SSA typically hands out payments on three Wednesdays of the month, determined by the birth date of the beneficiary. Those whose birth date falls between the 11th and 20th of any month are scheduled to receive their payments on July 16.

In addition, beneficiaries born between the 1st and 10th of any month would have already receive...