Some retirees and people who get Supplemental Security Income (SSI) will get an extra payment in November because the normal payment date for December’s benefits falls on a weekend.
If the person receiving SSI benefits is not also receiving retirement benefits, the benefits are usually sent out on the first of each month. People over 65 with little or no income can get them, as well as people younger than 65 with a physical or mental condition.
About 7.5 million people get the most that SSI can give them each month, which is $943. Read on to find out more about SSI benefits and the changes that come with the new November payment plan.
Social Security confirms an extra payment for some retirees and SSI recipients
As usual, people who get SSI will get their November payment on November 1. They will also get their December payment on November 29, which is usually sent at the start of December.
Since December 1 is a Sunday, Social Security will not be paid on that day or any government holiday.
According to the Social Security Administration, they do this so that you do not lose money and so that you do not have to wait past the first of the month to get your payment.
In this case, it does not mean that you got a double payment last month, and you do not need to let us know about the second payment.
People who retire under the standard Old-Age, Survivors, and Disability Insurance (OASDI) program will get all of their other Social Security payments in December.
The Social Security Administration says that you should not call them until three postal days have passed if you have not gotten your payment by the due date.
Because of Christmas and New Year’s, there will also be some changes to the Social Security payment plan in December.
People who are retired and whose birthday is between the 21st and 31st of any given month will get their payment one day early, on Tuesday, December 24. This is because the usual payment date is Christmas.
Last but not least, remember that because January 1 is a government holiday, SSI recipients will get their payments on December 31 instead of January 1.
All beneficiaries will receive the new 2.5% COLA boost starting in January 2025
The Cost of Living Adjustment (COLA), which raises benefits every year to keep up with inflation, was just released. All benefit claimants will see their benefits go up in December or January.
All benefits handled by the SSA will go up by 2.5% as of October 10, according to the SSA. Martin O’Malley, commissioner of Social Security, said in a statement that Social Security benefits and SSI payments will go up in 2025.
This will help tens of millions of people meet their costs at a time when inflation has started to slow down. The first changed payments for retirement benefits will be made in January 2025.
People who get SSI will get their payments in December 2024. Based on the official cost of living adjustment for 2025, this is how much seniors and people on SSI will make:
Retirees benefits | Retirees checks | 2.5% COLA increase | Extra income |
On average | $1,900 | $1,948 | $48 |
Age 62 | $2,710 | $2,778 | $68 |
Age 67 | $3,822 | $3,918 | $96 |
Age 70 | $4,873 | $4,995 | $122 |
SSI benefits | SSI checks | 2.5% COLA increase | Extra income |
On average | $698 | $715 | $17 |
Individuals | $943 | $967 | $24 |
Couples | $1,415 | $1,450 | $35 |
Essential person | $472 | $484 | $12 |
Based on what we already know, next year’s benefit increases will be bigger for retirees who decided to delay their benefits until they turned 70. Keep in mind, though, that you have to meet strict standards before you can get the most money from your benefits.
Also see:-More money for retirees in 2025 – Changes already announced by Social Security
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