Four dates are key in the calendar for sending Social Security checks for January.
The calendar released by the Social Security Administration (SSA) for next year Specifies what the payment dates will be each month.
Generally, the SSA deposits payments every Wednesday. In most cases, Social Security relies on a person’s day of birth to set the agenda.
SSA to process payments to SSI recipients on December 29
The office begins transferring funds to beneficiaries of the Supplemental Security Income (SSI) program. the first of each month.
However, due to the New Year’s Eve and New Year’s holidays, checks will be processed on December 29.
Delivery dates in January to the rest of Social Security beneficiaries
By January, when the rest of the checks will be processed with the 3.2% COLA (Cost of Living Adjustment) increase, the first to receive the money will be beneficiaries who began receiving checks before May 1997. The first Wednesday of the month, that is, the 3rd in the month of January, the SSA will pay that group.
Next, on the 10th, it will process payments to those who comply between the 1st and the 10th.
The third Wednesday, in this case On the 17th, the entity will send the money to the beneficiaries whose birthday falls between the 11th and the 20th..
Finally, the SSA will send payments on January 24 to birthday children between the 21st and 31st.
Here you can see the SSA calendar that specifies payment dates by month for 2024
Starting in January, beneficiaries of Social Security programs will notice an increase in the monthly amount of their payments due to the cost of living adjustment.
On October 12, the office announced the new increase which seeks to help retirees and other groups receiving Social Security funds cope with the effects of inflation.
$50 additional month on average
On average, The increase will translate into an additional $50 per month.
However, the final figure that each beneficiary will receive will depend on various factors including family composition.
COLA notice through “my Social Security”
The SSA has already begun sending online notices about COLA through the “my Social Security” tool to those who subscribed to the service on time.
People had to have an account enabled in the system before November 14 to view their COLA notice electronically starting this month.
Those who did not complete the process by the deadline will receive the notification by postal mail. on the monthly amount of which they will be creditors at some point during this month.
“Social Security begins notifying people by mail about their new benefit amounts in early December. People who have a personal my Social Security account can view their COLA notice online, which is secure, easy and faster than receiving a letter in the mail,” Social Security explained on its website.
“Individuals can also choose to receive a text message or email alert when there is a new message waiting for them, such as the COLA notice in my Social Security,” the SSA added in a statement.
Keep reading:
Social Security: The advantages of creating an account in “my Social Security”, apart from COLA notices
Social Security begins sending notices about COLA increases in checks
2023-12-06 14:27:04
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