The Supplemental Security Income (SSI) program beneficiaries in the United States will receive their December payments earlier than usual. This year, the payment will be made on Black Friday, November 29, 2024, two days ahead of the regular schedule.
The adjustment comes because December 1, 2024, falls on a Sunday. Since SSI payments are not distributed on weekends or holidays, the Social Security Administration (SSA) will process payments on the preceding business day.
December SSI Payment Schedule
Not only will recipients receive their December SSI payment early, but they will also get their January 2025 payment earlier than expected. Due to January 1 being a federal holiday (New Year’s Day), the January SSI check will be distributed on December 31, 2024.
This schedule ensures timely payments despite bank and office closures during weekends and holidays.
First SSI Payment Reflecting COLA
The January payment, scheduled for December 31, 2024, will be the first to include the Cost of Living Adjustment (COLA) for 2025. This adjustment reflects a 2.5% increase to help SSI recipients keep up with inflation. While it may seem small, every bit helps, especially for individuals relying on these benefits to make ends meet.
SSI Payment Amounts
For individual recipients, the maximum SSI payment will be:
- $943 for the early December payment on November 29, 2024.
- $967 for the January payment on December 31, 2024 (reflecting the COLA increase).
For married couples where both partners are eligible for SSI:
- $1,415 on November 29, 2024, for the December payment.
- $1,450 on December 31, 2024, for the January payment.
COLA Increase in Detail
The 2.5% COLA adjustment means:
- For every $100 in benefits, an additional $2.50 will be added.
- For example: A $200 monthly SSI payment will increase by $5 in 2025.
Though modest, the COLA is designed to help recipients offset the impact of rising costs.
Key Points to Remember
- Early Payments:
- December 2024 SSI payment: November 29, 2024.
- January 2025 SSI payment: December 31, 2024.
- Bank Closures:
Payments are scheduled to avoid disruptions caused by holidays and weekends. - COLA Impact:
The first payment reflecting the 2.5% COLA increase will arrive on December 31, 2024. - Stay Prepared:
Ensure your bank account details are current to avoid any delays in receiving payments.
SSI recipients should mark their calendars for these adjusted payment dates to plan their finances accordingly. The COLA increase, though small, will provide some relief for those with limited income.
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