Get ready for another round of Social Security payments hitting accounts this November, with some minor adjustments to the usual schedule.
The Social Security Administration (SSA) issues monthly retirement, survivor, and disability benefits, but payment dates can vary. Factors like the type of benefit, the recipient’s birthdate, and their claiming history play a role in determining when checks are dispensed.
Here’s the November payment schedule for SSA-administered benefits:
Retirement Benefits
If you receive Social Security retirement benefits exclusively, here’s when you can expect your payment based on your birthdate:
November 1
Payments are made to individuals who started claiming retirement checks before May 1997.
November 13
Those born between the 1st and 10th of the month will see their payments on this date.
November 20
If your birthday falls between the 11th and 20th, your payment will come on November 20.
November 27
Recipients born between the 21st and 31st will receive their benefits on November 27.
Disability Benefits
For those receiving Social Security Income (SSI) and retirement benefits from before May 1997, payments are typically issued on the first of the month. However, due to the upcoming Sunday payment date in December, there are a few tweaks this month.
November 1
All SSI payments and retirement checks for pre-1997 claimants will be processed on November 1.
November 29
SSI beneficiaries will receive their December payment early on November 29, instead of the usual December 1 date, to avoid delays from the weekend.
The SSA emphasizes that this adjustment is not a duplicate payment but a necessary change to ensure timely access to funds. They recommend waiting three business days before reaching out if a payment is delayed.
In exciting news, it’s been announced that all benefits for over 72.5 million Americans will see a 2.5% increase starting in December for disability payments and in January for retirement benefits, thanks to the annual Cost of Living Adjustment (COLA).
This increase is calculated based on the average Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W) and rounded to the nearest tenth of a percent. For example, a beneficiary currently receiving $1,870 monthly could see an increase of about $46.80.