The September Social Security benefit payments have the 2024 COLA included, which makes both SSA, SSDI and United States VA payments larger than in previous years. This keeps Americans from losing purchasing power and is certainly effective for this purpose.
Even so, it is also true that having one of these benefits ensures a monthly payment regardless of the amount. For that reason, it is not only important to know what amount we receive from Social Security (SSA benefits, SSDI or VA), but also on what day we will get this benefit. All retirement-related items are important in these cases.
What are the September Social Security increases?
If we take into account the COLA 2024, the September SSA, SSDI and VA payments have a 3.2% increase. This check makes the benefit payments in this month higher than in the previous year 2023. Thus, the payments change from previous years, which is good news for beneficiaries.
Be that as it may, we should keep in mind that Social Security payments depend not only on the COLA, but also on the beneficiary’s work history. Even so, the checks for these benefits have different maximums depending on the category:
- Disability Benefits: $3,822.
- Retired at 70: $4,873.
- Full Retirement Age: $3,822.
- Early Retirement Age: $2,710.
All of these maximum payments are 3.2% higher than in the previous year 2023, so if you had a payment of $1,000, for example, in September 2023 you now have $1,032. That’s certainly a nice increase, since if you add up all the increase over the year you get quite a bit more Social Security.
Upcoming Social Security payments in September
Payments for this benefit will arrive on four different days. Getting each of these payments depends on which group of retirees we belong to. To find out exactly when in the month we can get the payment we just need to check the following calendar:
- September 3rd. Social Security payment for pre-May 1997 retirees.
- September 11th. Social Security payment for retirees after May 1997. It is also necessary to have a birthday between the 1st and 10th of the month.
- September 18th. Social Security payment for retirees after May 1997. Birthdays between the 11th and 20th of the month are also required.
- September 25th. Social Security payment for retirees after May 1997. It is also necessary to have a birthday between the 21st and 31st of the month.
By activating Direct Deposit, it doesn’t take a day for the Social Security money to appear. But if you do not activate this collection method, the check arrives a few days later. Remember that it is only possible to get one retirement payment per month, although this payment can be supplemented with the monthly Supplemental Security Income payment.