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The new payment amounts in 2024 reflected an increase of only 3.2% as compared with 2023’s 8.7%, which was the highest adjustment the Social Security Administration (SSA) has offered since 1981 ...
Usually, SSI benefits, which are payments for low-income seniors and disabled people, come on the first business day of each month but since Dec. 1 falls on a Sunday this year, SSI payments for ...
For individuals who receive Supplemental Security Income (SSI) benefits in addition to Social Security, the SSI Federal Payment Standard will rise to $943 a month in 2024 from $914 in 2023. For ...
Because of the calendar, Social Security recipients who get Supplemental Security Income benefits get their first 2025 check on Dec. 31, 2024.
The regulation is projected to "result in a reduction of about 6,500 OASDI [Social Security] beneficiary awards per year and 4,000 SSI recipient awards per year on average over the period FY 2019-28, with a corresponding reduction of $4.6 billion in OASDI benefit payments and $0.8 billion in Federal SSI payments over the same period."
Here's the schedule for when Social Security recipients will get their new 2025 COLA payments: Dec. 31: SSI beneficiaries will receive their new cost-of-living adjustment with this payment that ...
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This article originally appeared on USA TODAY: SSI payment schedule 2024: Some recipients get 2 checks in November. Show comments. Advertisement. Advertisement. In Other News. Entertainment.