The Social Security Administration has already sent out the last Social Security payments of the year. However, some SSI recipients got their bigger checks, which included the 2.5% COLA increase, on New Year’s Eve. Social Security gives more than 73 million payments every month to people who are eligible.
Some of them are retired workers, survivors, and people who get Supplemental Security Income or Social Security Disability Insurance. Based on the retirees’ date of birth and the type of benefits they get, the government gives out benefits at set times.
The SSI program paid beneficiaries on December 31st due to the holiday on January 1st
There are people who are not on this birthday-based schedule because they started getting retirement benefits before May 1997. They will get their money on the third of the month, no matter what day they were born.
The Supplemental Security Income (SSI) program usually sends monthly payments to people who are eligible on the first of every month. People who get both Social Security and SSI are paid SSI on the first of every month and Social Security based on their birthdate. Last but not least, do not forget that the last payment of the month is usually due on the fourth Wednesday.
But it is possible that some receivers got one on December 31. New Year’s Day is a federal holiday on January 1, 2025. Because of this, the Social Security Administration will send out the January 2025 payments on Tuesday, December 31, 2024, instead of January 1, 2025.
It is important to remember that SSA policy includes this advance payment to make sure that beneficiaries get their cash quickly when the regular delivery date falls on a weekend or a federal holiday. Also, people who get SSI will not get paid again in January 2025 because their benefit has already been advanced.
The payment sent on December 31 already covers the benefit for the first month of the new year because it includes the 2.5% cost-of-living adjustment, or COLA. The COLA means that starting in 2025, all Social Security benefits will go up by 2.5%.
This is to keep payments in line with inflation and keep beneficiaries’ purchasing power from going down. To find out how much more you will get because of the COLA increase, just add 2.5% to what you already get. The price increase will be taken into account automatically starting with payments made in January.
How much money will SSI beneficiaries receive in their 2025 checks?
With the new cost of living adjustment (COLA) increase, the Social Security Administration says that people who get Supplemental Security Income will get an average of $715 per month. In addition, people who applied as individuals will get up to $967, which is an extra $24.
Two people, on the other hand, will get an extra $35 in their checks, for a total of $1,450 per month. Finally, people or couples who meet the requirements for an essential person (EP) will be able to get an extra $484 payment in 2025.
SSI recipients will not be the only ones getting bigger checks starting in January 2025. Retirees, survivors, and disabled people will also get bigger checks. The following amounts of money will be sent to them after the 2.5% cost of living adjustment:
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 |
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