New York confirms Social Security payment schedule for 2025, including cost-of-living increase

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Along with a 2.5% benefit increase, New York has released the official Social Security payment schedule for January 2025. The Cost of Living Adjustment (COLA), which is implemented nationally to assist recipients in managing growing costs as a result of inflation, includes this rise.

January 2025 Payment Dates

Depending on the beneficiary’s eligibility or date of birth, Social Security payments in January will be made according to this schedule:

• 
  January 3
  
  : Payments for those who started receiving benefits before May 1997 or receive Supplemental Security Income (SSI).
• 
  January 8
  
  : Payments for beneficiaries born between the 1st and 10th of the month.
• 
  January 15
  
  : Payments for beneficiaries born between the 11th and 20th of the month.
• 
  January 22
  
  : Payments for beneficiaries born between the 21st and 31st of the month.

For millions of New Yorkers, these dates guarantee prompt access to benefits, offering crucial assistance to families, handicapped people, and retirees.

Why Some SSI Payments Are Issued Early

Supplemental Security Income (SSI) recipients will receive the first payment with the 2.5% increase. Due to New Year’s Day being a federal holiday, the payment that was originally planned for January 1 has been moved to December 30, 2024. This guarantees that beneficiaries get their money right away over the holidays.

Types of Social Security Benefits Covered by the Increase

All Social Security programs are subject to the COLA adjustment, which guarantees recipients in all categories equitable support:

Impact on New Yorkers and Nationwide

New York, which has over 3.7 million Social Security users, is a major player in the national system. Every beneficiary in the US is affected by the COLA rise, but New Yorkers, who must contend with the high cost of living in the state, particularly need the extra money.

This change is a component of the federal commitment to guarantee beneficiaries’ financial stability and purchasing power, particularly during difficult economic times.

You can get individualized guidance by visiting the official Social Security Administration (SSA) website or calling their hotline if you have any questions about your payment schedule or the amount you will receive.

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