September Social Security payouts are over: New dates have been set for October

September Social Security payouts are over New dates have been set for October

People born between September 21st and September 31st were the last retired, survivors, and disabled people to get their Social Security payments last Wednesday, September 25th.

September is almost over. The Social Security Administration will start sending out new payments on Tuesday, October 1st. These payments will be for people who are eligible for the retirement, widow, and disability insurance (RSDI) program.

It’s important for everyone to know that the 3.2% increase from the cost of living adjustment (COLA), which will be changed again soon for 2025, is already built into these monthly benefits. Learn more about the extra help that people will get in October by clicking on this link.

New Social Security payments announced for beneficiaries in October

To make sure that more than 70 million people get their monthly Social Security payments, the SSA made an annual payment schedule to let people who get payments from the four programs it runs—retirement, survivor, disability insurance, and Supplemental Security Income—know when their payments are due.

This payment plan says that next month’s plan will be a little different from September’s because there will be one more payment. On September 1, there was a holiday, so this new payment is due.

Because of this, everyone who gets SSI did not get their normal salary. The government office moved the monthly check to Friday, August 30th because of this.

But this won’t happen in October because the first of the month is a Tuesday. So, people who get SSI will get their regular benefits on that day, no matter when they applied for benefits or when they were born.

People in the United States who filed for benefits before May 1997 and are retired, widowed, or disabled will get their payments on Thursday, October 3.

Lastly, the federal office has added three more mailing dates for people who applied for benefits through the RSDI program after May 1997. Please read the following to get a better idea of how the Social Security payment plan works:

Social Security payments Day of the month Confirmed payment date
Americans who receive SSI benefits October 1st (Tuesday)
Americans who claimed RSDI benefits before May 1997 October 3rd (Thursday) Beneficiaries are always paid on the third day of the month unless it falls on a weekend
Americans who claimed RSDI benefits after May 1997 2nd Wednesday (October  9th) 

3rd Wednesday (October  16th)

4th Wednesday (October 23rd)

Beneficiary’s birth date: 1st–10th. 

Beneficiary’s birth date: 11th–20th.

Beneficiary’s birth date: 21st–31st.

Remember that you can always go to your My Social Security Account to find out more about your monthly payments. You may also be able to get more information about your financial statements and do other things connected to Social Security.

Social Security Payment Schedule 2024
Source investopedia.com

How much money will Social Security payments provide to beneficiaries next month?

As of now, the following Social Security payouts are made to people who get Supplemental Security Income (SSI) or Retirement, Survivors, and Disability Insurance (RSDI):

Social Security payments Retirement benefits Survivors benefits Disability benefits SSI benefits
On average $1,900 $1,505 $1,537 $698
Other payments Age 62: $2,710 

Age 67: $3,822

Age 70: $4,873

Individual: $1,773 

2 Children: $3,653

Blind recipients: $2,590 

Maximum payment: $3,822

Individuals: $943 

Couples: $1,415

Essential person: $472

The Social Security Administration guesses different payment numbers based on the specifics of each recipient’s case. They also look at a lot of different factors, such as the beneficiary’s full retirement age (FRA), work history and credits received, and the amount of Social Security taxes paid over the last 35 years or at least 10 years for retirement benefits.

They will also look at your monthly income and resources to see if you qualify for Supplemental Security Income (SSI). For the Social Security condition Insurance (SSDI) program, they will look at the type of condition and your Social Security taxes.

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