Social Security Administration Announces 2025 Payment Adjustments
Social Security Administration Announces 2025 Payment Adjustments

Social Security Administration Announces 2025 Payment Adjustments

News summary

The Social Security Administration (SSA) has announced that Supplemental Security Income (SSI) payments for January 2025 will be issued early, on December 31, 2024, to avoid delays caused by New Year's Day, a federal holiday. This adjustment means beneficiaries will receive two payments in December but emphasizes the need for careful financial planning as no additional payments will occur in January. Meanwhile, regular Social Security payments start on January 8, 2025, for recipients born from the 1st through the 10th, with subsequent payments scheduled for January 15 and January 22. Beneficiaries of the Retirement, Survivor, and Disability Insurance (RSDI) programs will see increased payments due to a 2.5% cost of living adjustment aimed at helping them cope with inflation. January's adjusted SSI payment marks a unique situation, as February payments will also be issued early at the end of January, with a gap in payments occurring in March due to the calendar. Recipients are encouraged to stay informed and plan their finances effectively to navigate these changes smoothly.

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