If you’re receiving SSI or Social Security benefits, the end of the year holds some helpful news. Between November and December, beneficiaries might receive up to five payments, including the 2025 Cost-of-Living Adjustment (COLA).
This payment schedule provides an extra financial boost, especially during the holiday season when expenses often increase.
Here’s a look at the upcoming payment schedule, the impact of the COLA increase, and why this schedule can be especially useful for those on fixed incomes.
November Payments
In November, the Social Security Administration (SSA) will disburse up to five payments across different beneficiary groups. Here’s a breakdown of who gets paid when:
- November 1: Monthly SSI payment for November. This payment is designated for those receiving Supplemental Security Income.
- November 1: Payment for Group 2 retirees. This group includes individuals who started benefits after May 1997 and have birthdays between the 1st and 10th of the month.
- November 20: Payment for Group 3 retirees, whose birthdays fall between the 11th and 20th.
- November 27: Payment for Group 4 retirees, born between the 21st and 31st.
- November 29: An additional SSI payment, advanced from December due to December 1 falling on a weekend. While technically a December payment, this advance ensures no delay in fund access.
These scheduled payments aim to give recipients a steady cash flow to manage end-of-year expenses, with November 29’s early SSI payment especially helpful as it provides December benefits ahead of the typical schedule.
December Payments
December also has multiple payments scheduled for SSI and Social Security recipients. Here are the key dates to mark:
- December 11: Payment for Group 2 retirees.
- December 18: Payment for Group 3 beneficiaries, with birthdays from the 11th to the 20th.
- December 25: Payment for Group 4 retirees, those born between the 21st and 31st.
- December 31: Additional SSI payment that includes the 2025 COLA increase.
The December 31 payment stands out, as it includes the 2025 COLA adjustment. By releasing this increase at the end of the year, the SSA provides beneficiaries with enhanced funds as they head into the new year.
How the COLA Adjustment Works
The Cost-of-Living Adjustment, or COLA, is designed to adjust benefits in line with rising costs, as measured by the Consumer Price Index. For 2025, the COLA is set at a 2.5% increase, which will raise monthly benefits slightly.
This adjustment is particularly important during periods of inflation, as it helps offset the impact of higher prices on essential goods and services.
Beneficiaries will see this increase reflected first in their December 31 SSI payment, with the adjustment fully rolling into effect for January benefits. This timing is strategic, giving beneficiaries a small boost just as they step into 2025.
Why These Additional Payments Matter
For individuals dependent on SSI and Social Security, the end-of-year payment schedule offers valuable financial support. The potential to receive up to five payments between November and December can be a welcome relief, especially for those managing on fixed incomes. Here’s why this schedule can make a difference:
- Holiday Expenses: The holiday season often brings extra spending needs, from gifts to holiday gatherings, and the additional payments can help beneficiaries cover these costs.
- New Year Preparations: With an advance on the 2025 COLA, recipients can start the year on stronger financial footing.
- Stable Cash Flow: This structured payout schedule ensures recipients can rely on consistent income through the end of the year.
The Social Security Administration’s end-of-year schedule ensures that beneficiaries receive their regular benefits along with an additional December SSI payment. This approach helps recipients manage holiday season expenses and start 2025 with a bit more peace of mind.
