No Social Security Payment Today? Find Out When You Can Get Up to $4,873 Without the 2025 COLA Boost

No Social Security Payment Today Find Out When You Can Get Up to $4,873 Without the 2025 COLA Boost
Image Via: Markets Insider - Business Insider

Millions of retirees have received payments from the Social Security Administration as of today. However, not all beneficiaries of retirement benefit payments qualify for the same paycheck.

For instance, if you began receiving monthly benefits prior to May 1997, you are eligible to receive a Social Security check or direct deposit on October 3.

Alternatively, if you are receiving retirement benefits in addition to Supplemental Security Income (SSI), you may also be eligible to receive money from the Agency.

October will see the next Social Security payout for pensioners

In actuality, three Wednesday payment cycles remain in October. Of course, you are only going to get one. You must not be eligible for the October 3 payment in order to receive money on any of these payments.

That suggests that you are not receiving Supplemental Security Income benefits and that you began receiving Social Security benefits after April 30, 1997. Actually, the thing that makes you unique is the day of your birth.

According to the SSA, only retirees whose birthdays fall between the first and tenth of any given month will get the October 9 payment. In the event that your birthday falls after that date, you will have two more options.

Read Also: SSDI Recipients: Could You Be Eligible for a $3,822 Direct Payment Within 48 Hours?

Social Security benefits following October 9

You will get your retirement benefit payment on October 16 if your birthday falls between the 11th and the 20th of any month. That means the third Wednesday in October is when it’s due.

The final Social Security payment of the month will be made on the fourth Wednesday in October. As you may expect, you also need to fulfill the birthday criteria in order to get it.

The payout for retirees born between October 21 and October 31 will be made on October 23. On November 3, you won’t get the following check or direct deposit if you received the payment on October 3. Actually, Social Security says it will be sent on November 1st, ahead of schedule.

Via: vibes.okdiario.com

profile
With more than two years of expertise in news and analysis, Eileen Stewart is a seasoned reporter. Eileen is a respected voice in this field, well-known for her sharp reporting and insightful analysis. Her writing covers a wide range of subjects, from politics to culture and more.