The Social Security Administration (SSA) has confirmed that beneficiaries of the retirement, survivor, and disability insurance (RSDI) program will receive their next monthly check on Wednesday, December 18, 2024. This payment, ranging up to $4,873, applies to retirees, survivors, and disabled individuals born between the 11th and 20th who applied for benefits after May 1997.

Understanding the December 18 Payment

The December 18 payment is part of Social Security’s commitment to retirees who meet specific criteria. Monthly benefits vary based on age and the amount of payroll taxes paid during a worker’s career. Here’s a breakdown:

• Retirement at 62: Maximum benefit is $2,710, though most beneficiaries receive around $1,900 due to reduced contributions.
• Full Retirement Age (67): Eligible beneficiaries can receive up to $3,822.
• Delayed Retirement (70): Individuals who delay claiming benefits until age 70 may receive the maximum payment of $4,873.

To qualify for the maximum benefit, individuals must have paid Social Security taxes at the highest rate for 35 years.

Extra SSI Payment Arriving December 31

In addition to the regular payments, Supplemental Security Income (SSI) recipients will receive an extra payment on December 31, 2024, due to the New Year’s holiday. This payment includes the 2025 cost-of-living adjustment (COLA), set at 2.5%. Here are the new SSI amounts:

• Individuals: Up to $968.
• Couples: Up to $1,452.
• Essential persons: Up to $484.

2025 Social Security Payment Schedule

Looking ahead, increased Social Security checks reflecting the 2025 COLA will be distributed as follows:

• January 3: For beneficiaries who filed claims before May 1997.
• January 8: For those born between the 1st and 10th.
• January 15: For those born between the 11th and 20th.
• January 22: For those born between the 21st and 31st.

Beneficiaries are encouraged to check their payment status and consult with a financial advisor to maximize their benefits. Staying informed ensures timely and accurate payments.

For more details on Social Security payments and eligibility requirements, visit the Social Security Administration’s official site.

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