The Social Security Administration (SSA) has begun sending out increased monthly payments for retired workers and Supplemental Security Income (SSI).
Thanks to the 8.7% cost-of-living adjustment (COLA) increase, retiree payments will increase to more than $140 per month on average. According to SSA, average payments in January 2023 are $1,827 dollars. On the other hand, Supplemental Security Income (SSI) recipient payments will increase to approximately $650.
It should be noted that these monthly amounts are only approximate, as SSA calculates benefits on an individual basis each year based on the “Primary Insurance Amount” (PIA) rather than of the current benefit, as well as the age of the beneficiary.
Social Security checks for $1,800 | Increased payment delivery dates in 2023
Month after month, SSA will continue to send payments to each beneficiary throughout the year. Here are the shipping dates:
January
The January 2023 payment for Supplemental Security Income (SSI) recipients was mailed in December last year.
February
March
April
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