According to Vibes.okdiario, The Social Security Administration (SSA) issued direct payments on October 9 and October 16. While the 2025 Cost-of-Living Adjustment (COLA) has been announced, retirement benefits will not increase until January 2025.
October Payment Schedule
For beneficiaries whose birthdays fall between the 21st and 31st, Social Security payments for October will be disbursed on October 23. However, if you also receive Supplemental Security Income (SSI) benefits, this date will not apply to you. Additionally, those who began receiving benefits before May 1997 will not have this payday either.
Maximum Payments for October 23
- Retirees who filed at age 70 in 2024 can expect to receive a maximum payment of $4,873 in October, making it the largest retirement check issued on the 23rd.
- Seniors filing at Full Retirement Age (FRA) can receive up to $3,822.
- If you filed at age 62 in 2024, your monthly payment can be as much as $2,710. It’s important to note that few workers receive this amount, and many find it challenging to reach the average payment of $1,920 as of August 2024.
November Payment Schedule
The SSA will continue to distribute checks and direct deposits in November following the October 23 payments. Notably, the first retirement payment in November will be issued 48 hours ahead of schedule, which may surprise some retirees who are unaware of these changes.
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Key Dates for November Payments
- Retirees who receive Social Security will have payments issued on November 1. If you also receive SSI, you will receive two payments on the same day.
- Typically, SSI payments are sent on November 1. Additional Social Security payments will be distributed on November 13, November 20, and November 27.
- A significant reason for the multiple payment dates in November is the rescheduling of the SSI payment for December to November 29. This adjustment is necessary since December 1 falls on a Sunday.
Conclusion
Stay informed about your Social Security and SSI payments to ensure you receive the benefits you’re entitled to. With multiple paydays set for November, beneficiaries should be aware of the schedule and plan accordingly.
