Payments for retirees with birthdays 11-20 arrive in the next few days of December

Millions of retirees will be impacted as the United States makes the final Social Security payments for December 2024. Those who have birthdays between the 11th and the 20th, who will receive their check in a few days, are among the most anticipated groups this month. These payments give the recipients financial stability and are a part of the benefits that are disbursed in accordance with Social Security’s annual schedule.

The amount that retirees receive is determined by a number of criteria, including when they chose to begin receiving benefits and their employment history. December is a significant month since it not only signifies the year’s final payments but also the planning for benefit modifications that go into effect in the following year. Additionally, for people who receive both Social Security and SSI income, this month is especially important.

Retirees getting their next Social Security payment

Group 3 Social Security retirees are people whose birthdays fall between the eleventh and twentieth of any given month and who started receiving payments after May 1997. According to the Social Security Administration’s (SSA) timetable, this group will receive their next payment on December 18.

For this group, the December cheque will be the final one of the year, offering crucial financial assistance for the holidays. Each beneficiary’s employment history and the age at which they decided to start receiving payments determine the amount. People who decided to postpone retirement until they were at the maximum benefit age, for instance, might receive much larger payouts.

Therefore, the following two conditions must be met in order to get the payment on December 18th:

• Have a Social Security benefit after May 1997.
• Have a birthday between the 11th and 21st of the month.

Although this schedule is generally applicable, the payment system may have an impact on the precise day the funds arrive in the beneficiary’s account. While other, less common, methods can encounter minor delays, the direct deposit option guarantees a quicker reception. Nevertheless, it often takes no more than three days for the beneficiary’s bank account to receive the payment.

Can I get more than one Social Security payment in December?

Depending on the circumstances, it is possible to receive multiple Social Security checks in December. When beneficiaries also get Supplemental Security Income (SSI), this is one example. This program, which is intended for low-income individuals, can supplement Social Security benefits in some circumstances.

Because January 1st is a holiday, these beneficiaries will receive their January 2025 SSI check on December 31st, 2024, rather than January 1st as planned. The cost-of-living adjustment (COLA), which takes effect in 2025, will be included in this supplementary payment, which will provide financial relief shortly before the new year begins.

It is crucial to remember that only those who are eligible for both programs and have the direct deposit system enabled are eligible for the double payment, which guarantees a more effective and safe distribution of benefits. Delays may occur for those who have not enabled this technique, and they will receive their money on the first working day of the new year.

In addition to ending a difficult year for American Social Security recipients, December also signals the start of changes that will affect their financial situation in 2025. Understanding how the programs operate and keeping up with regulatory changes are necessary to maximize these benefits.

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