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The quirks of the calendar continue into 2025. SSI recipients will get their February 2025 payment on Jan. 31, 2025, and their March 2025 payment on Feb. 28, 2025, according to the 2025 SSA ...
However, people who receive both Social Security and SSI will get their January 2025 payment on January 3, according to the agency's schedule. When will I get the 2025 COLA increase in my Social ...
The Social Security Administration announced recently that seniors will get a 2.5% benefits increase for the 2025 year. That amounts to around $49 more in monthly benefits for the average retiree.
If the Social Security Administration had used the CPI-E to calculate the 2025 COLA, seniors would have gotten a 3% raise instead of 2.5%. That would've increased the average check by $58 per month.
In 2024, HR 82, the Social Security Fairness Act—repealing the WEP—passed both houses of Congress, and was signed by President Joe Biden on January 5, 2025. [ 11 ] According to the Congressional Research Service, approximately 2.1 million people were affected by the WEP as of December 2023.
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."
Deciding when to claim Social Security benefits is one of the most important financial decisions you'll make ahead of retirement. ... January 16, 2025 at 7:01 AM ... Your 35 highest-earning years ...
According to the Social Security Administration (SSA), the average monthly Social Security benefit for retired workers in January 2025 was approximately $1,975, or about $23,700 per year. This ...
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