The Social Security Administration (SSA) has announced the 2025 payment schedule, which reflects adjustments for holidays, weekends, and the 2.5% Cost of Living Adjustment (COLA). This schedule is crucial for the more than 72 million Americans who rely on Social Security for financial support, including retirees, individuals with disabilities, and survivors.
Payment Dates Based on Birthdays
Monthly payments are determined by the beneficiary’s birth date and how long they have been receiving benefits. Here’s a breakdown of the 2025 schedule:
- Birthdays between the 1st and 10th: Payments will be made on January 8.
- Birthdays between the 11th and 20th: Payments are scheduled for January 15.Advertisement
- Birthdays between the 21st and 31st: Payments will be distributed on January 22.
For retirees who started receiving benefits before 1997, as well as those who receive both SSI and Social Security benefits, payments will be issued on January 3.
Supplemental Security Income (SSI) Payments
Supplemental Security Income (SSI) is designed to help individuals who are elderly, blind, or disabled and have limited income. These payments are typically made on the first of the month. However, the 2025 schedule has adjustments:
- January’s SSI payment will be issued on December 31, 2024, due to the federal holiday on January 1.
- February’s SSI payment will arrive on January 31, as February 1 falls on a weekend.
Cost of Living Adjustment (COLA)
January 2025 marks the first month beneficiaries will see the impact of the 2.5% COLA. This adjustment increases the average retirement benefit by $49, raising it from $1,927 to $1,976. Additionally, the maximum benefit for retirees who retire at the full retirement age of 67 will rise to $4,018.
The SSA reminds recipients that payments are never issued on weekends or federal holidays. If a payment is delayed, beneficiaries should wait three business days before contacting the SSA.
For those depending on Social Security, understanding these payment dates and adjustments ensures smooth financial planning for the upcoming year.