Without a doubt, United States citizens’ pensions are a very important issue because thanks to them, Americans can enjoy some good golden years. Although it is true that some Americans do not have a very large pension, it is also true that it is possible to get a bigger check every year thanks to the Cost of Living Adjustment (COLA).
And in the month of January 2025 we may see this increase for the first time, which will make it possible for United States citizens to enjoy a little extra money for all the remaining months. Thus, a 2024 retirement pensioner’s check will become higher in this year 2025 no matter what its amount was.
However, it is true that each citizen gets a different increase, so not all citizens can get a maximum pension. In this case, citizens who have a maximum check will indeed receive the maximum check again in 2025, but the rest will see an increase in their benefit by the next 15th of January in proportion to the check they were previously receiving.
What will the pensioner benefit increase be in 2025?
Social Security checks will see a payment of up to $5,180 in 2025, although that is only for the maximum benefit. All 2024 Social Security payments will increase by 2.5%, reaching at most the figure named above. In the case of Disability payments, the payment can be as much as $4,018.
Likewise, Supplemental Security Income payments, an extra benefit that helps supplement the monthly pensioner’s retirement benefit, may have a payment of up to $967 in this year 2025. Whatever your benefit has been so far, the payment will have an increase in this current year. In the remainder of the year you may get a payment similar to what you get on the 15th of January.
Who gets the 15th January pensioner’s benefit?
In order to collect the 15th of January payment it is mandatory to meet 2 requirements. On the one hand, it is necessary to have a benefit since after May 1997. On the other hand, it is also necessary to have a birthday between the 11th and 20th of any month.
In addition to that, we must also take into account that Social Security payments are sent on certain days, but not all Americans get the payment on the same day they are sent. In order to receive the pensioner’s benefit on the day the Administration sends it, it is mandatory to have Direct Deposit activated as a collection method.
