Social Security announces Christmas checks for retirees

As December approaches, it is Social Security Administration has announced a new $1,914 check. This check will be deposited on Christmas Day for eligible retired workers. Each month, SSA makes more than 70 million payments to retirees, survivors, disabled workers, and recipients of the Supplemental Security Income (SSI) program. The SSA has developed a monthly schedule for the delivery of these monthly benefits so that beneficiaries know when they will receive their checks. On average, retired workers can receive $1,914, but other payment amounts are available depending on your full retirement age (FRA), work history, and Social Security taxes paid while you were an active worker.

Social Security announces a whopping $1,914 payout for retirees

According to this year’s Payment plan for social securitypensioners will receive four payment rounds in December. Typically, SSA sends the first payment for this group of recipients on the third day of the month, followed by payments on the second, third, and fourth Wednesday of each month. Next month, however, the calendar will have a slight change because the fourth Wednesday falls on December 25. Since this date is a holiday, the federal agency moves this payment date to the previous business day, which means that the last payment in December will come on December 24th. To learn more about all the requirements that recipients must meet to receive these payments, please read the information below.

• Tuesday, December 3. On this date, retirees who received their first Social Security check before May 1997 will begin receiving their benefits.
• Wednesday 11 December. Benefits will be paid on this date to retirees who filed claims after May 1997 and were born between the first and the tenth.
• Wednesday 18 December. On this date, pensioners who filed claims after May 1997 and were born between the eleventh and the twentieth will receive their benefits.
• Wednesday 24 December. Benefits will be paid to retirees who filed claims after May 1997 and were born between the twenty-first and thirty-first.

It’s important to remember that if your monthly benefit doesn’t arrive on time, you must wait at least three postal days before contacting the Social Security Administration, as the delay may be due to your bank’s system. Remember that you can visit your My Social Security Account to download statements and request additional social security services.

Social Security payment amounts scheduled to be sent to other beneficiaries on Christmas Eve

Based on current SSA guidelines, retirees will receive different payment amounts depending on the age at which they applied for benefits and the amount of Social Security taxes they have paid over the past 35 years. Below are all the payment amounts that recipients will receive this Christmas:

As the end of the year approaches, recipients should be aware that their monthly checks will increase starting in January 2025. The reason for the increase is cost of living adjustment (COLA)which was set at 2.5% for next year. With this annual increase, beneficiaries will receive an average of $1,948, while those claiming benefits at age 62 will receive $2,778.

Additionally, those claiming benefits at their full retirement age of 67 will receive $3,918. Finally, if certain retirees pay tax according to their highest taxable earnings, they will receive the maximum benefit of $4,995. Other beneficiaries, including surviving spouses, disability beneficiaries and SSI recipientswill receive the increase to their monthly benefits, which is explained in detail here: