In any area of the United States, Social Security beneficiaries have reason to keep an eye on the December payment schedule, as it brings 2024 to a close. Some will get an extra check just before 2025 begins. This latest check, for the year 2024, will be mailed on Monday, December 24, benefiting millions of people, especially those in Social Security group 4.
In addition to that, we will also be able to find another different check at the end of the same month of December 2024, but that check will be only for SSI beneficiaries who have Direct Deposit activated.
Although this retirement payment arrives close to the New Year’s holidays, it is important to note that it will not include the 2.5% cost-of-living adjustment (COLA) that will be implemented in 2025, as we will have to wait until next year to enjoy this increase. In this sense, in the check on December 24 we will see a payment the same as in the rest of the checks for the year 2024.
Who will get this additional payment?
The December 24 check is targeted to beneficiaries in group 4, which includes people who started getting their benefit after May 1997 and were born between the 21st and 31st of any month.Because Christmas is quickly approaching, this payment date has been moved forward to ensure that all beneficiaries can get their money on time for the holidays. When there is a holiday on the day the checks are mailed, this is the standard procedure.
It is important to remember that the amount each beneficiary will get is based on factors such as their earnings history and time worked. Therefore, although it will not include the COLA 2025, this check will be of great help in covering additional expenses in the last week of the year. Any help is welcome to meet month-to-month expenses, but at special times like Christmas and New Year’s this is even more important.