The Social Security Administration has announced a new $1,914 check as December gets closer. People who are retired and eligible will get this check on Christmas Day.
SSA sends more than 70 million checks every month to retirees, survivors, disabled workers, and people who get Supplemental Security Income (SSI).
SSA has set a monthly schedule for these benefits so that people who are eligible know when they will get their checks.
People who have retired can get an average of $1,914, but the amount you get depends on your full retirement age (FRA), work history, and the amount of Social Security taxes you paid while you were working.
Social Security announces a huge payment of $1,914 for retirees
The schedule for this year’s Social Security payments says that retirees will get four rounds of payments in December. SSA usually sends this group of beneficiaries their first payment on the third day of the month.
They then get payments on the second, third, and fourth Wednesdays of every month. The calendar will be a little different next month, though, because the fourth Wednesday is on December 25.
The federal agency will move the payment date to the day before the holiday because this is a business day. This means that the last payment for December will come on December 24th.
Read the information below to find out more about all the requirements that people must meet in order to get these payments.
- On Tuesday, Dec. 3rd. On this date, retirees who received their first Social Security check before May 1997 will begin receiving their benefits.
- On Wednesday, Dec. 11th. Benefits will be paid on this date to retirees who filed claims after May 1997 and were born between the first and the tenth.
- On Wednesday, Dec. 18th. On this date, retirees who filed claims after May 1997 and were born between the eleventh and the twentieth will receive their benefits.
- On Wednesday, Dec. 24th. Benefits will be paid to retirees who filed claims after May 1997 and were born between the twenty-first and thirty-first.
If your monthly benefit does not arrive on time, it is important to remember that you should wait at least three mailing days before calling the Social Security Administration.
This is because the delay could be caused by your bank’s system. Do not forget that you can get more Social Security services and download statements by going to your “My Social Security Account.”
Social Security payment amounts scheduled to be mailed for other beneficiaries on Christmas Eve
As of now, the SSA says that retirees will get different amounts of money depending on when they started getting benefits and how much they paid in taxes over the last 35 years. All of the following amounts will be sent to people who deserve them this Christmas:
Social Security payments | Retirement benefits |
On average | $1,900 |
Other payments | Age 62: $2,710
Age 67: $3,822 Age 70: $4,873 |
As the end of the year draws near, people who get monthly checks should know that they will be bigger starting in January 2025.
The cost-of-living adjustment (COLA), which was set at 2.5% for next year, is what caused the price to go up. Benefit recipients will get an extra $1,948 a year, and people who start getting benefits at age 62 will get $2,778.
Also, people who start getting benefits at age 67, which is the full retirement age, will get $3,918. Finally, some retirees will get the most money, $4,995, if they pay taxes based on their highest taxable income.
The increase in monthly benefits will also go to other beneficiaries, such as surviving spouses, disability beneficiaries, and SSI recipients. For more information, see this link:
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 |
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