When the presidential general election is held on November 5, the Social Security Administration will not be sending out any checks. However, this is merely a coincidence. There will be no additional payments made this week, though, for a reason.
On November 3, Social Security is typically paid. However, November 3 is a Sunday, and when offices are closed and banks do not open their branches, the Agency is unable to provide monthly payments to retirees or disability recipients. Therefore, on November 1st, these checks will be issued.
When will people 62 and older receive their Social Security checks?
The November 3 will be released on November 1, 2024, according to confirmation from the Agency. Therefore, 48 hours prior to their usual payday, all qualified beneficiaries will get a fresh payment.
There can be further shocks if you receive this Social Security payout earlier than expected. Many people will be surprised to get retirement benefits and Supplemental Security Income (SSI) on the same paycheck.
Just so you know, the SSI payment often comes on the first. For individuals who qualify for both SSI and the early Social Security benefit, it will be fantastic.
Read Also: SNAP 2025 COLA: November Payments to Bring Up to $3,516 in Food Stamps
Will the 2025 COLA rise be included in Social Security benefits paid on November 1st?
The extra 2.5% COLA increase will not be included in November’s Social Security or SSI benefits. On December 31, 2024, the cost-of-living increase will be available to recipients of Supplemental Security Income.
The 2025 COLA boost will not be available to retirees until January 3, 8, 15, or 22. In terms of November payment amounts, cheques will typically total around $1,920. Some retirees may get significantly less money if
They worked for the required number of years, filed at age 62, and made minimal tax payments to the Social Security Administration.
On November 1, SSI beneficiaries will get a payout of up to $943. Married couples who qualify can receive up to $1,450. The average amount of an SSI payment is $698. Remember that many recipients receive decreases since they also receive Social Security.
