As November approaches, millions of Americans who rely on Social Security benefits will see significant changes to their payment schedule.
The Social Security Administration (SSA) has confirmed that November 2024 will feature adjusted payment dates, affecting retirees, survivors, disability insurance recipients, and Supplemental Security Income (SSI) beneficiaries. These changes are designed to ensure that payments are not delayed due to weekends or holidays.
Social Security Payment Dates for November 2024
In November, payments will follow the typical schedule but with some notable adjustments. Here’s a breakdown of the upcoming payment dates.
- November 1: Retirees who filed before May 1997 and SSI recipients will receive their payments on this date.
- November 13: Individuals with birthdays between the 1st and 10th of any month will receive their payments.
- November 20: Those born between the 11th and 20th will get their Social Security benefits.
- November 27: Beneficiaries born between the 21st and 31st will receive their checks.
SSI beneficiaries will also receive a second payment on November 29, due to December 1 falling on a weekend. This ensures that they do not experience delays in receiving their benefits
Why Are There Double Payments for SSI Recipients?
This month will be unique for those on SSI, as they will receive two payments. The SSA reschedules payments that fall on weekends or holidays to the nearest business day. As a result, SSI recipients will receive their regular payment on November 1 and an early payment on November 29 for December, which avoids delaying their funds until after the weekend.
How Much Can Beneficiaries Expect to Receive?
The amount each person receives depends on their eligibility and the type of Social Security benefit they claim. The 2024 Cost of Living Adjustment (COLA) has introduced a slight 2.5% increase across the board, raising payments slightly for all recipients. Here is a general breakdown.
| Category | Average Payment | COLA Increase | New Average Payment | Extra Income |
|---|---|---|---|---|
| SSI Beneficiaries | $698 | 2.5% | $715 | $17 |
| Individuals | $943 | 2.5% | $967 | $24 |
| Couples | $1,415 | 2.5% | $1,450 | $35 |
| Essential Person (EP) | $472 | 2.5% | $484 | $12 |
Beneficiaries who began receiving retirement benefits at age 62 typically receive around $1,900 per month, while those who waited until full retirement age can receive as much as $3,822. Individuals who delay retirement until age 70 can see their monthly benefit increase to $4,873.
What Should You Do If Your Payment Is Delayed?
The SSA recommends that if your payment doesn’t arrive on the scheduled date, you should wait at least three mailing days before contacting them. Delays can happen due to bank processing times or mailing issues, but SSA customer service will assist if the delay persists
Conclusion
The November Social Security payment changes are primarily due to calendar adjustments, which are aimed at ensuring beneficiaries receive their funds on time.
SSI recipients will benefit from two payments during the month, while other Social Security recipients will receive their regular payments based on their birth dates. Staying informed about these changes is key to ensuring you receive your benefits without any issues.
FAQs
Why are there two payments for SSI beneficiaries in November?
SSI recipients will receive a second payment on November 29 because December 1 falls on a Sunday, and the SSA moves the payment to the previous business day
Who qualifies for SSI payments?
SSI is designed for low-income individuals aged 65 or older, people with disabilities, and certain children. Income limits and asset restrictions apply to determine eligibility
How do I check my payment schedule?
You can log into your My Social Security account on the SSA website to view your personalized payment schedule
What should I do if my payment doesn’t arrive?
If your payment does not arrive on the scheduled date, wait at least three business days before contacting the SSA. Delays may be caused by bank processing times
How much will Social Security payments increase due to COLA?
The 2024 COLA will result in a 2.5% increase in payments across the board, providing a small boost in monthly benefits depending on your eligibility.