Payments with an average value of $1848 will be sent soon by Social Security Administration (SSA). Despite the fact that December 1st is the day only Supplementary Income beneficiaries receive theirs money, this month will be an exception.
Do not forget that the first pensioners in cash Social security payments are those with benefits before May 1997. Their monthly check always arrives on the 3rd day of the month. The only exception is when the third day of the month is a holiday or holiday.
As December 3rd is a Sunday, there is no possibility for pensioners to receive theirs Social Security Check on this day. This is why the Administration had to reschedule this payment day and set it in advance.
When will Social Security send the first payment to retirees in December 2023?
If you received pension benefits before May 1997, you will receive your payment on 1 December. So you’ll be able to enjoy your check two days before your regular payday.
The second round of Social security payments for pensioners will come on wednesday They will arrive on the second, third and fourth Wednesday of December. Apparently it will only be for those who started collecting pension benefits after May 1997 or in the same month.
Moreover, the Administration has organized the payment for the month of December depending on your date of birth. That way, they can receive their retirement benefits in a logical order. Hence the paydays for December will be on 13th, 20th and 27th.
Remember that those whose birthdays are from 1 to 10 will receive their payment on December 13. December 20 will be a payday for those whose birth date is from the 11th to the 20th. The last payment will be for those whose birthday is from the 21st to the 31st.
How much money can I get for my Social Security retirement benefits in December 2023?
Although this is not a standard payment and not everyone collects the same amount of money, there are average and maximum payments. The biggest check at age 70 is $4,555 in 2023.
If you are 62 years old, you can redeem up to $2,572 this year. People of full retirement age can receive up to $3,627. The average Social security payment for retirees age 62 and older, it’s $1,848 in 2023.
The 2024 COLA no increase will arrive for seniors in 2023, they will have to wait until January 3, 10, 17 and 24 in 2024. They will receive an average payment of about $1,907.
Thanks to the COLA boost, seniors will get more money. Then they will be able to maintain their purchasing power with a 3.2% increase. SSI recipients will cash in their 2024 COLAs on December 29 as part of their January advance payment. SSI checks will also arrive on December 1st.
- December 1: SSI and retirement checks for those on Social security before May 1997
- December 13: Checks if your birthday is from the 1st to the 10th
- December 20: Checks if your birthday is from the 11th-20th
- December 27: Checks if your birthday is between the 21st and 31st