The Administration has confirmed that there will be a new payday for both retirees and SSDI recipients next week. Retirement benefit payments are higher than those for Disability Insurance. So, retirees could get about $1,976 on average and SSDI recipients about $1,580.
Thanks to the 2025 COLA increase retirement and disability benefit payments are 2.5% higher. Bear in mind that to get the payment from SSA next week, you must meet the birth date condition.
SSA to issue retirement and SSDI on Feb. 12
The Agency will deliver a new monthly payment on February 12. Thus, just 9 days after the first payday in February, there will be a new round next week. These checks and direct deposits will be for those whose birth date is from the 1st to the 10th.
Were you born before the 11th? If so, this will be your next retirement or SSDI payment. Do not forget that you will be eligible if you began receiving benefits after April 30, 1997, and if you are not on SSI as well.
For your information, all payments will be sent on time. Thus, if there is any delay or your check is lost, you should contact your financial institution first. Only call SSA if you have waited for 3 mailing days and your money has not arrived.
Last stimulus checks of $1,400 from the IRS arriving in late January, but PFD payments will continue
SSA’s payment schedule shows 2 more paydays for retirement or SSDI
There is no need to worry if you are not eligible for the February 12 payment. Actually, your check could be in your pocket on February 19 or even February 26, 2025.
Being born from the 11th to the 20th could make you eligible for the retirement or SSDI payment on February 19. Of course, filing and approval are required.
The last payment for either retirement or SSDI will be delivered on February 26. If your birthday falls from the 21st to the 31st, you will receive it on Feb. 26 said SSA.
FAQs
1. What are the average payments for retirement and SSDI benefits next week?
Next week, the average Social Security retirement benefits will be $1,976, while the average SSDI (Social Security Disability Insurance) payments will be $1,580, based on eligibility and other factors like work history and income.
2. Who is eligible for the $1,976 retirement benefit?
The $1,976 average retirement benefit typically applies to those who have worked for many years and earned a higher income, reaching or surpassing the Social Security earnings limit. Your actual payment depends on your work history and the age at which you start collecting benefits.
3. Who qualifies for the $1,580 SSDI benefit?
The $1,580 SSDI benefit is for individuals who are unable to work due to a disability and have worked long enough to be insured for SSDI benefits. The amount varies based on lifetime earnings and how much you have paid into Social Security through payroll taxes.
4. Are these payment amounts adjusted for inflation?
Yes, both retirement and SSDI benefits are adjusted annually for inflation through the Cost-of-Living Adjustment (COLA), which helps maintain purchasing power. This adjustment varies from year to year.
5. When will these payments be sent out?
Social Security retirement and SSDI payments are typically sent according to a schedule based on your birthdate. Payments are often issued on the 2nd, 3rd, or 4th Wednesday of the month, depending on your birth month.