Get ready for changes to your Social Security payments in 2025. The Social Security Administration (SSA) has announced a new payment schedule and potential increases in benefits.
Payment Schedule
- Retirement, Survivors, and Disability Insurance (RSDI) Benefits:
- If you started receiving benefits before May 1997, your payment will be on the 3rd of the month.
- If you started receiving benefits after May 1997, your payment will be on a Wednesday based on your birth date:
- Born between the 1st and 10th: 2nd Wednesday
- Born between the 11th and 20th: 3rd Wednesday
- Born between the 21st and 31st: 4th Wednesday
- Supplemental Security Income (SSI): SSI payments are typically made on the 1st of the month, unless it falls on a weekend or holiday.
Payment Amounts
- COLA Increase: A cost-of-living adjustment (COLA) is expected in 2025, which will increase Social Security payments.
- Benefit Amounts: The exact amount you’ll receive depends on your benefit type, years of service, and earnings history.
Key Changes
- Payment Dates: Be aware of any changes to your payment schedule due to holidays or other factors.
- Benefit Amounts: The COLA increase will affect your monthly payment.
- Eligibility: If you’re approaching retirement age, ensure you meet the necessary requirements for benefits.
Stay Informed
For the most accurate and up-to-date information, visit the Social Security Administration website or contact your local office. Understanding these changes will help you plan for your financial future.
