Social Security update: Third round of February payments worth $4,873 goes out today

The final wave of February’s three Social Security payments, worth up to $4,873 for the highest earners who retire at 70, went out to the third and last group of retirees Wednesday.

Retirees born on or after the 21st of the month should have received their payments on Wednesday, Feb. 28, according to the Social Security Administration’s calendar. Those born on or between the first and 20th of the month received their payments in one of two earlier disbursements that went out on Feb. 14, and 28.

The first of March’s payments will go out on March 13.

The maximum amount each person can receive varies depending on certain factors, such as their age at the time of retirement, the amount they paid into Social Security, and the number of years
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