Some Social Security recipients will get extra check in November – NBC Chicago

While millions of retired Americans will soon see a 2.5% cost-of-living increase in their Social Security payments, additional Social Security checks could be in the mail by November, thanks to a calendar glitch.

Typically, Supplemental Security Income receives their checks on the first of each month, but in November there is also a second check at the end of the month.

This is because of a rule where if the first of the month falls on a holiday or weekend, checks are delivered the previous business day.

In December, the first of the month falls on a Sunday, which means that checks for the month of December will instead be delivered on 29 November, according to the Social Security Administration calendar.

However, this does not mean that there will be no control in December.

A similar calendar quirk will actually affects check delivery for each month up to Marchwhere the start of each month falls on either a public holiday or a weekend.

For January, checks will actually be delivered on December 31st. For February, checks will be delivered on January 31st and for March, checks will be delivered on February 28th.

There will then be no checks delivered in March until things return to normal in April.

Social Security 2025 cost of living increases

The Social Security Administration announced on October 10 that millions of retired Americans will soon see a 2.5% cost-of-living adjustment for benefit payments.

The cost of living adjustmentor COLA, for retirees translates to an average increase of more than $50 for retirees each month, agency officials said.

Sore 72.5 million people, including pensioners, disabled people and children, get social security.

Overall, the increase is less than in previous years.

Recipients received a 3.2% increase in their benefits in 2024, after a historically large 8.7% performance increase in 2023, set for record 40 years of high inflation.

AARP estimates that a 2.5 percent COLA would increase the average benefit for a retiree receiving about $1,920 a month by $48 a month starting in January 2025.

The program is funded by payroll taxes collected from workers and their employers. The maximum amount of earnings subject to Social Security taxes was $168,600 for 2024, up from $160,200 in 2023. Analysts estimate the maximum amount will go up to $174,900 in 2025.