Mark these dates on your calendar: The 3 key days for COLA and Social Security payments in 2025
The COLA increase has already been announced. But now, these are the dates Social Security beneficiaries should keep in mind.
As every year, October brought the announcement of the Social Security cost-of-living adjustment (COLA), which will be 2.5% for 2025. Retirees and other beneficiaries will see a small increase in their monthly payments starting next year.
This news has been met with disappointment by some, as it’s the smallest increase since 2021 and 3.2% lower than last year. Still, it’s something; the average retirement check will see a boost of $48 a month next year.
Now that everyone has done their calculations and assessed how the adjustment will impact their checks, all that’s left is to check the calendar and prepare for the changes. Here are 3 important dates to keep in mind about the 2025 COLA and Social Security payments. Heads up—they’re coming up soon!
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Early December 2024
In a press release on October 10, the SSA announced that they would begin officially notifying beneficiaries of their new payment amounts by mail in early December. They didn’t announce a specific date, so it’s something to watch for.
The notifications have a new look this year. If you receive the information by mail, you’ll get a newly designed one-page letter with all the details you need in “plain and personalized” language in a “newly designed and improved” format, according to the SSA.
You can also view your COLA notification online if you have a “my Social Security” account. However, your account must be set up by November 20, 2024. Through the Social Security website, you can also set up text and email alerts to stay updated on your payments and benefits.
December 31, 2024
This is the date nearly 7.5 million Supplemental Security Income (SSI) beneficiaries will receive their first 2025 Social Security payment with the new COLA adjustment. Some people receive both Social Security benefits and SSI.
January 8, 2025
This is the date for the first regular Social Security payments with the new 2025 COLA. This falls on the second Wednesday of the month, and it will go to recipients with birthdays between the 1st and 10th of the month.
Here’s the rest of the January payment calendar:
- January 15 (third Wednesday): Beneficiaries born between the 11th and 20th
- January 22 (fourth Wednesday): Retirees born between the 21st and 31st
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*This article was written in Spanish and translated with the help of AI.