The Supplemental Security Income (SSI) program generally issues payments on the first day of each month, but if that day falls on a weekend or federal holiday, the Social Security Administration (SSA) adjusts the schedule to ensure beneficiaries receive their funds promptly.
This year, December 1, 2024, falls on a Sunday, so the SSA has moved the SSI payment date to November 29, 2024. Here’s what this means for recipients and key details on the upcoming payment schedule.
Key Information About the November 29 SSI Payment
SSI recipients who typically receive payments on the first of the month will instead receive their December payment on Friday, November 29, 2024. This adjustment ensures that beneficiaries have their funds available before the weekend, avoiding any delays.
SSI Payment Amounts for November 29, 2024
If you’re eligible and your circumstances haven’t changed, your November 29 payment will be the same as your November 1 payment. Here’s a breakdown of average SSI payments as reported by the SSA:
| Category | Average Payment |
|---|---|
| All SSI beneficiaries | $697 |
| SSI recipients under age 18 | $813 |
| SSI recipients aged 18-64 | $743 |
| SSI recipients aged 65 or older | $574 |
Note: If you recently married, started a job, or had any significant life change, you must report it to the SSA, as these factors could affect your payment amount.
Will the November 29 Payment Include the 2025 COLA?
No, the November 29, 2024 payment will not include the 2025 cost-of-living adjustment (COLA). Instead, SSI recipients will see the COLA increase reflected in the December 31, 2024 payment, which covers January 2025.
The SSA has announced a 2.5% COLA increase for 2025, but it will take effect for SSI recipients with the last payment of December.
For other Social Security beneficiaries, including those on retirement and disability (SSDI) benefits, the 2025 COLA will apply to their January 2025 payments, which will be distributed from January 3 through January 22, 2025.
How to Ensure You Receive Your Payment on Time
Here are steps to take if you want to ensure a smooth payment process for November 29:
- Check Direct Deposit Status: For recipients using direct deposit, funds should be available on November 29. If you’re still receiving paper checks, allow for possible postal delays.
- Update the SSA with Life Changes: If you’ve experienced changes, such as a new job, marriage, or an increase in other income, notify the SSA. These changes may impact your SSI amount.
- Budget Accordingly for Early Payment: Since the December payment is arriving in November, budget carefully to ensure the funds last until your next payment at the end of December.
Planning for the 2025 COLA Increase
The 2.5% COLA increase will take effect in the December 31, 2024 payment for SSI recipients, providing a small boost to help with rising costs. For retirees and SSDI beneficiaries, the COLA increase will start in January 2025.
This advanced knowledge of the payment schedule can help SSI recipients plan their finances effectively through the holiday season and into the new year. Regularly checking your MySocialSecurity account or contacting the SSA directly can help you stay informed about any additional updates.
