You Could Receive Up to $4,873 Today if You Missed Social Security Due to the 2025 COLA Increase
The Social Security Administration (SSA) is responsible for disbursing retirement benefits to millions of Americans, but not all retirees receive their payments on the same day. Eligibility for certain pay dates depends on when you started receiving benefits, your birthdate, and whether you are eligible for Supplemental Security Income (SSI). In October, several rounds of payments will be sent, so it’s important to know which date applies to you.
October 3 Payment for Early Retirees
For retirees who began receiving Social Security benefits before May 1997, the SSA sent out payments on October 3, 2024. This payment date also applies to individuals who receive both SSI and retirement benefits. Those who fit this category may have already seen their direct deposit or cheque arrive. If y...