The new payments with the COLA increase have already been revealed by Social Security. Just so you know, some retired workers can get up to $5,108 in the form of a check or direct payment.
This new payment, on the other hand, will come in 2025. That means retirees will still have to wait before they can get the 2.5% COLA increase. Remember that in 2024, the biggest Social Security payment for seniors will be $4,873.
First Social Security payment of up to $5,108 in 2025
Seniors will get their first check or direct payment from Social Security on March 3, 2025. This is what the agency said. That means the first paycheck, on January 3, will bring in up to $5,108.
The up to $5,108 payment will only go to people who make a lot of money. Some retired people may be able to get a Social Security payment on January 3, but it won’t be as big as this month’s check.
For instance, you can’t get $5,108 if you are already getting retirement and SSI payments. People who retired before May 1997 will be the only ones getting the biggest payments on January 3. Follow the steps below to get that much money. On January 8, 15, or 22, you might also get paid.
Requirements to get 5,108 dollars from Social Security
As a matter of fact, there are 4 key conditions the Social Security Administration has set to get $5,108 in 2025:
- It is mandatory to apply for Social Security at the age of 70
- It is essential to have had jobs covered by SSA, that is, you paid enough payroll taxes
- Workers must have worked for at least 35 years
- Workers must have earned the taxable maximum for 35 years (176,100 dollars in 2025)
These four things will help you get a bigger retirement payment, even if you can’t meet them. Put off retirement until as close to age 70 as you can. You have to work for at least 35 years before your benefits start to go down. Get promoted and make more money, even if you can’t make the most you’re taxed on.
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