The Social Security warning: when the extra summer pension payment is entered

Many of the contributory pensions that are paid month by month in our country function as the salaries received by workers and consist of two extraordinary payments for their beneficiaries. And, about to arrive the summer, it is the turn to receive the amount of the summer pay of the pensions.

As the beginning of summer approaches, the question regularly arises: when are the extra summer payments of pensions paid to their beneficiaries? Social Security, the body in charge of managing the payment of these benefits, has given the information.

Specifically, Social Security has explained that the summer pension pay “is paid with the June payroll, on July 1” and that “the specific day depends on each bank.” The reason is that some entities have opted in the last two years for advancing the payment of the benefits that Social Security pays into the accounts. These banks usually pay pensions between the 23rd and 25th of each month, depending on whether or not it falls on a business day.

If, on the other hand, the bank in which the pension was domiciled does not execute that advance, it will not be able to delay the payment too long. The Social Security regulations that, at most, the payment of pensions will be made on the first business day of the month or the fourth calendar day of the month as the deadline.

Be that as it may, pensioners will end up receiving the extra summer pay along with the June monthly payment, which as always is received in arrears. This means that pensioners who receive the extra summer pay will receive double the amount of another normal month, since pay and pension are combined.

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Which pensioners receive the extra pay and which do not

Of course, not all pensioners will receive the extra summer pay. Some groups do not receive payments, but that does not mean that they receive less: the amount of those payments that they do not receive is simply prorated. As with some wages or salaries, your total amount is divided only into 12 monthly payments instead of 14.

Thus, all pensioners who receive contributory retirement, widow’s, permanent disability pensions in all their degrees will receive the extra summer pay if they derive from a common illness or a non-work accident.

Only pensioners with permanent disability resulting from an occupational disease or work accident are left out of this group, who will not receive the extra summer pay as the amount is apportioned throughout the 12 months of the year.

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