The Social Security Administration has confirmed that some retirees will get a new Social Security payment before the end of the year. Supplemental Security Income (SSI) recipients will get a new, higher payment on December 31.
This is because the new COLA increase for 2025 was approved on October 10, 2024. With these extra payments, more than 70 million people will have enough money to cover their living costs and keep up with inflation.
So, if you are eligible for this extra payment, find out here when you will get it before January 1.
While the regular payment is supposed to come out on the first of the month, some retirees will get their payment before the end of the month. The federal agency will move the payment to the business day before January 1, though, since January 1 is a holiday.
Aside from this extra payment, beneficiaries will also get their regular payments on time, starting on November 3rd and going through the second, third, and fourth Wednesdays of this month.
A new Social Security payment to each retiree soon
The amount of Social Security benefits a retiree gets depends on a number of things, such as how much they earned while working and how old they are when they apply.
The average income in states near the top of the list is usually higher, which means that retirement benefits are higher.
Some retirees may have also moved to states with lower costs of living, which would have caused their income and expenses to change to match their new home.
Even though benefits will change because of the 2025 COLA, many retirees could increase their yearly income by putting in place systems to manage their benefits more efficiently.
Estimates show that effective benefit optimization measures could bring in an extra $22,924 a year for some retirees.
Learning how to use benefits is still important for a more comfortable and enjoyable retirement, even with this 2.5% increase in monthly income, which is a step in the right direction.
Here are the states that will get the most money and the biggest increases each month:
- New Jersey: $2,100
- Connecticut: $2,084
- Delaware: $2,064
- New Hampshire: $2,039
- Maryland: $2,008
- Michigan: USD 2,004
- Washington: $1.992
- Minnesota: $1,982
- Indiana: $1,952
- Massachusetts: $1,946
This change will lead to a monthly rise of USD 48.65 to USD 52.50, depending on the state. Even though the increase is small, it is big for retirees whose daily costs are already going up because of inflation.
The amount of Social Security benefits a retiree gets depends on a number of things, such as how much they earned while working and how old they are when they apply.
The average income in states near the top of the list is usually higher, which means that retirement benefits are higher.
How much money will these retirees receive in November?
Beneficiaries of the retirement, survivor, disability insurance (RSDI), and Supplemental Security Income (SSI) programs will get different amounts of money based on their full retirement age (FRA), work history, and the amount of Social Security contributions they made while they were working.
This is because of the confirmed cost of living adjustment (COLA). After the 2.5% cost of living adjustment (COLA), each beneficiary will get the following amounts in payments:
| Retirement benefits | Social Security 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 |
| Survivor benefits | Social Security checks | 2.5% COLA increase | Extra income |
| On average | $1,505 | $1,543 | $38 |
| Individual | $1,773 | $1,817 | $44 |
| 2 Children | $3,653 | $3,744 | $91 |
| Disability benefits | Social Security checks | 2.5% COLA increase | Extra income |
| On average | $1,537 | $1,575 | $38 |
| Blind recipients | $2,590 | $2,655 | $65 |
| Maximum payment | $3,822 | $3,918 | $96 |
| SSI benefits | Social Security 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 |
Remember that if your Social Security payments do not arrive on the due date, you should wait at least three mailing days before calling customer service.
For more information on how much your monthly payment is, make sure you check your “My Social Security Account.” This is where you can download your financial statements and even ask for more Social Security information.
Also see:-Goodbye to Social Security forever – This is the date when checks can no longer be paid
