As December 2024 approaches, Supplemental Security Income (SSI) recipients should be aware of important changes to their payment schedule. The Social Security Administration (SSA) has announced that no SSI payments will be issued on December 1, 2024, due to the date falling on a weekend. This article provides a comprehensive overview of the adjusted payment dates, reasons for the change, and what beneficiaries can expect.
Adjusted SSI Payment Schedule for December 2024
Typically, SSI payments are disbursed on the first of each month. However, when the first falls on a weekend or federal holiday, the SSA issues payments on the preceding business day. In December 2024, since December 1 is a Sunday, SSI payments will be made on Friday, November 29, 2024. This adjustment ensures that beneficiaries receive their funds without delay.
Impact on Beneficiaries
Beneficiaries should note that while there will be no payment on December 1, 2024, they will receive their regular SSI payment on November 29, 2024. Additionally, an extra payment will be issued on December 31, 2024, to account for the January 1, 2025, payment, which falls on a federal holiday. This means beneficiaries will receive two payments in December 2024: one on November 29 and another on December 31.
Cost-of-Living Adjustment (COLA) for 2025
The SSA has announced a 2.5% Cost-of-Living Adjustment (COLA) for 2025. This increase will be reflected in the payment issued on December 31, 2024, which covers the January 2025 benefit. The COLA aims to help beneficiaries keep pace with inflation and rising living costs.
Key Dates for SSI Beneficiaries
It’s crucial for beneficiaries to be aware of the following key dates:
| Date | Payment Description |
|---|---|
| November 29, 2024 | Regular SSI payment for December 2024 |
| December 31, 2024 | SSI payment for January 2025, including 2.5% COLA increase |
By marking these dates, beneficiaries can plan their finances accordingly and avoid any confusion regarding payment schedules.
Understanding these changes is essential for SSI beneficiaries to manage their finances effectively. The SSA’s adjustments ensure that payments are not delayed due to weekends or holidays, providing consistent support to those in need. Beneficiaries are encouraged to stay informed about payment schedules and any future adjustments by regularly checking official SSA communications.
FAQs
Why is there no SSI payment on December 1, 2024?
December 1, 2024, falls on a Sunday. When the first of the month is on a weekend or federal holiday, the SSA issues payments on the preceding business day, which is November 29, 2024, in this case.
Will I receive two SSI payments in December 2024?
Yes, beneficiaries will receive a payment on November 29, 2024, for December, and another on December 31, 2024, for January 2025. This adjustment ensures timely payments despite weekends and holidays.
What is the COLA increase for 2025?
The SSA has announced a 2.5% Cost-of-Living Adjustment (COLA) for 2025, which will be reflected in the payment issued on December 31, 2024, covering the January 2025 benefit.
How can I stay informed about future payment schedule changes?
Beneficiaries should regularly check official SSA communications, such as the SSA website and mailed notices, for updates on payment schedules and other important information.
What should I do if I don’t receive my payment on the expected date?
If you do not receive your payment on the expected date, the SSA advises allowing three additional mailing days before contacting them. If the payment still hasn’t arrived, reach out to the SSA for assistance.
