Social Security beneficiaries in any part of the United States should keep an eye on the December payment schedule, since it marks the end of 2024. Some will receive an extra check shortly before 2025 begins. This next check, for 2024, will be mailed on Monday, December 24, benefiting millions of people, particularly those in Social Security Group 4.
In addition, we will be able to locate another alternative check at the end of the same month of December 2024, but this check will only be available to SSI beneficiaries who have Direct Deposit enabled.
Although this retirement payout arrives close to the New Year’s holidays, it is crucial to note that it does not contain the 2.5% cost-of-living adjustment (COLA) that will be applied in 2025; we will have to wait until next year to benefit from this rise. In this sense, the December 24 check will have the same payout as the rest of the 2024 checks.
Who will get this additional payment?
The December 24 check is intended for beneficiaries in group 4, which includes those who began receiving their benefits after May 1997 and were born between the 21st and 31st of any month.
Because Christmas is soon coming, this payment date has been pushed forward to ensure that all beneficiaries receive their funds in time for the holidays. When there is a holiday on the day the checks are mailed, this is typical practice.
It’s vital to remember that the amount each beneficiary receives is determined by criteria including their earnings history and time employed.
As a result, although it will not include the COLA 2025, this check will be extremely useful in covering additional expenses in the final week of the year. Any assistance in meeting monthly expenses is appreciated, but it is especially vital around holidays such as Christmas and New Year’s.