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The main last installment is scheduled to be sent on April 26 to people born between 21st to 31st of the month.
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It is to be noted that the amount each person gets depends on his age at the time of retirement.
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Recipients can receive a maximum check of $3,627 at the retirement age of 67.
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And those who retire at age 62 can receive a maximum payment of $2,572 and those who delay retirement past age 70 can receive a maximum payment of $4,555 per month.
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Some MPs have suggested that the country should increase its full retirement age from 67 to 70, so that maximum benefits can be derived. Currently recipients can take early retirement at 62 or late retirement at 70.
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Next steps