$1,920 Direct Payments Arriving This Week for Eligible Social Security Retirees
According to Vibes.okdiario, The Social Security Administration (SSA) has initiated direct payments for October on the 9th and 16th. Although the 2025 Cost of Living Adjustment (COLA) increase has been announced, retirement benefits will not be adjusted until January 2025.
October Payments Schedule
For individuals whose birthdays fall between the 21st and 31st, Social Security payments for October will be distributed on October 23rd. However, if you are also receiving Supplemental Security Income (SSI) benefits or if you began receiving benefits before May 1997, this date will not apply to you.
Maximum Social Security Amounts for October 23
- Retirees Filing at Age 70: Those who filed for benefits at age 70 in 2024 can receive up to $4,873 in October, making it the largest retirement check available on the 23rd.
- Retirees Filing at Full Retirement Age (FRA): Seniors who chose to file at their Full Retirement Age can receive up to $3,822.
- Retirees Filing at Age 62: If you filed at age 62 in 2024, your monthly payment can be up to $2,710. It’s important to note that few workers receive these maximum amounts; as of August 2024, the average payment is about $1,920.
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November Payments Schedule
Following the payments on October 23rd, the SSA will continue distributing checks and direct deposits in November. Notably, the first retirement payment for November will be issued 48 hours earlier than scheduled.
Important Dates for November Payments
- November 1: Some retirees will receive their Social Security payments on this date, and those also receiving SSI benefits will get both payments simultaneously.
- November 13, 20, and 27: Additional payments for retirees will be distributed on these dates.
SSI Payment Rescheduling
The SSI payment for December has been scheduled for November 29. This adjustment was necessary because December 1 falls on a Sunday, requiring the SSI payment to be moved up.
