No matter when the rest of us plan our trips, Social Security works hard. If you are one of the more than 70 million people who will be getting money from them this month, you should celebrate and keep an eye out for your payment at the same time.
This is especially important if you need to know when it is supposed to arrive. One group of people will get their money in less than 72 hours. Keep reading to find out who they are.
How will Social Security manage its schedule for the end of the year?
The Social Security Administration (SSA) has set up a set schedule for yearly payments that gives people plenty of time. You can even choose the right one for 2025.
Still, you can expect changes during the holidays, just like you would from other businesses. But the following rules will still apply to the payment schedule:
- Beneficiaries who began receiving SSA payments before May 1997 will now get payments on the third of each month.
- SSI claimants who started receiving benefits after May 1997 have their payments processed on the first of the month.
- Beneficiaries of OASDI (Old-Age, Survivors, and Disability Insurance) who began receiving benefits after May 1997 will be paid based on their birth date, according to the rules below:
|
Birth Date Interval |
Wednesday of the Month when the Payment is Processed |
|
1st to 10th |
Second |
|
11th to 20th |
Third |
|
21st to 31st |
Fourth |
Who is going to get paid in the following hours by Social Security?
By following the rules shown above, it is clear that both SSI recipients who started getting their benefits before May 1997 and those who started getting them after May 1997 have already been paid.
People who started getting OASDI after May 1997 and were born between the first and tenth of the month will be the next group to get paid on December 11th.
How much can you earn from Social Security?
For people who get OASDI, this is a trick question because the answer depends on your specific situation and the program you are in. One good guess, though, is to look at the average amounts that the Social Security Administration put out for each program. In this case, the values that were made public are those from October:
- Old Age: $1,840.31
- Survivors: $1,509.29
- Disability: $1,404.75
How can you be part of the next group that Social Security will pay?
The following steps must be taken if you are not a member of the SSA and want to get a Social Security check on the third or fourth Wednesday of every month. Remember that these are just outlines; the SSA website has all the information and can give you individualized help:
- Old Age: Mainly, you must contribute a portion of your wages to Social Security Taxes, which will give you a Social Security Credit for each $1,730 contributed. After accumulating 40 (roughly requiring you to pay those taxes for at least 10 years), you will only have to wait until you reach the early retirement age, which is 62 years old. You can also defer your retirement to increase the benefits. SSA will let you do it until you reach the full retirement age, which is 70 years old.
- Survivors: This is received by the dependents of a deceased worker. Therefore, to be considered for this program, he should have contributed to the SSA for a certain number of years, depending on his age.
- Disability: There are two main requirements. The first one is to have contributed to the SSA for at least five years of the previous ten (this requirement can be less if you are younger). The second one is to be medically certified as blind or disabled in such a way that your abilities to work normally are diminished or completely halted.
