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Here are the dates of 2025 federal holidays, according to the Office of Personnel Management: Wednesday, Jan. 1: New Year’s Day Monday, Jan. 20: Birthday of Martin Luther King, Jr.
For this reason, it is often referred to as the 2025 COLA. As of the latest available data (November), the average retired worker receives a monthly Social Security benefit of $1,925.46.
The 2025 COLA on average will add about $50 to each monthly benefit check, with the average payment in 2025 rising to $1,976 per month. For most Social Security recipients, the new COLA goes into ...
It's official: Social Security benefits will receive a 2.5% cost-of-living adjustment (COLA) in 2025, the smallest percent increase in payments since 2021. That means the average retired worker ...
Another adjustment that takes effect in 2025 involves Social Security payroll taxes. Beginning on Jan. 1, the maximum amount of earnings subject to the Social Security tax is scheduled to increase ...
While this is a federal holiday, only federal employees in the Washington, DC area are entitled to a day off. Only Washington, DC observes this day besides the federal government. [10] February 15–21 (3rd Monday) Washington's Birthday: 52% [11] 34–35%: Washington's Birthday was first declared a federal holiday by an 1879 act of Congress.
The Social Security Administration set its 2025 cost-of-living adjustment at 2.5%, the smallest annual COLA hike since 2021. Although inflation has eased from its pandemic-era heights, some ...
The reason 2025's COLA is lower is because inflation slowed down considerably in 2024. ... there's also a maximum monthly benefit the program will pay out. In 2025, that maximum monthly benefit at ...