SSI Payment December: The Social Security Administration (SSA) has announced that SSI recipients will receive three payments between November 1 and December 31, 2024. This is because weekends and federal holidays affect the usual payment schedule. Normally, SSI payments are made on the first of each month, but when the first falls on a weekend or holiday, the payments are moved to earlier dates.
In this case, due to the timing of these holidays and weekends, SSI recipients will get an extra payment before the end of the year. Make sure to check your payment schedule to know when to expect these payments.
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The “triple SSI payment” refers to a situation where SSI recipients will receive three payments in a short period. Normally, SSI payments are made on the first of each month, but when the first falls on a weekend or holiday, payments are moved to the last business day of the previous month.
In 2024, due to the timing of holidays and weekends, there was two payments in November: one on November 1 and another early payment on November 29 (since December 1 is on a Sunday). According to Marca, the third payment will be made on December 31 to avoid the New Year’s holiday.
It’s important to note that this is not an extra payment but an early disbursement of regular benefits. There will be no SSI payment in January 2025, and the next payment will be made on February 1. Recipients should plan their finances accordingly.
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COLA 2025
The year-end SSI payment is important because it will include the first cost-of-living adjustment (COLA) for 2025. The Social Security Administration (SSA) has announced a 2.5% COLA increase to help recipients cope with rising costs.
This means individual SSI payments will increase from $943 to $967 per month, an extra $24. For couples, payments will rise from $1,415 to $1,450, and for essential persons, the payment will go up from $472 to $484.
The payment on December 31, 2024, will be the first to include this COLA adjustment, marking the beginning of 2025 benefits.
