That same day, October 3, Social Security sent the first check to retirees who claimed benefits before May 1997. They will continue to send checks to those who claimed benefits after May 1997 on the second, third, and fourth Wednesdays of each month.
Do not forget that the cost-of-living adjustment (COLA) that was put in place at the beginning of the year added 3.2% to the $1,900 monthly benefit.
If you are eligible for retirement benefits, find out more about the amounts that will be sent to retirees’ bank accounts soon.
Who is eligible to receive the next Social Security check for retirees?
People who have worked and paid into Social Security for at least ten years will usually be able to get a regular cheque from Social Security.
The amount you get may be different, though, based on your work history, how much you usually put in, and how old you are when you decide to claim your benefits. Here are the accepted amounts to be paid out each month this year:
- On average:Â $1,900
- Before full retirement age (62):Â $2,710
- At full retirement age (67), $3,822
- After full retirement age (70):Â $4,873
The Social Security Administration (SSA) changes the amount of each beneficiary’s monthly payment every year based on their work experience, the full retirement age at which they first claimed benefits, and the amount of money they paid into Social Security while they were working.
They will get an average monthly payment of up to $1,900 if they have worked 40 hours, paid all of their required contributions for at least ten years, and collected their benefits before they reached full retirement age (FRA).
People who are retired can get extra Social Security payments every month on top of this average amount. This is true whether they quit at the current full retirement age (FRA), which is 67, or wait until they are 70 to start getting benefits.
If a pensioner paid average Social Security taxes and waited until age 67, their benefits could be up to $3,822.
If they waited until age 70 and paid taxes based on their highest taxable earnings over the previous 35 years, their benefits could be up to $4,873.
Finally, people over the age of 62 should know that retirees can expect to get the following amounts of money if the cost of living adjustment (COLA) for 2025 stays at 3.2%:
| Social Security check | Social Security Payment in 2024 | Including COLA increase in 2025 |
| On average | $1,900 | $1,960 |
| Age 62 | $2,710 | $2,796 |
| Age 67 | $3,822 | $3,944 |
| Age 70 | $4,873 | $5,028 |
Mark your calendar with the next 3 Social Security check payment dates
| SSA’s financial and insurance programs | Social Security check (date scheduled) | Monthly benefit conditions |
| Seniors over 62 years old who collected benefits after 1997 | October 9th Advertisement
October 16th October 23rd |
For Social Security recipients who were born between the 1st and the 10th. Advertisement
For Social Security recipients who were born between the 11th and the 20th. For Social Security recipients who were born between the 21st and the 31st. |
Finally, it is important to note that the US government agency usually sends monthly benefits on time. If your payments do not arrive on time, though, please wait at least three postal days before calling the Social Security Administration’s customer service line.
The delay may be caused by the way your bank processes payments. Also, remember that you can always check your My Social Security Account to get more information about your monthly payment amount.
This is where you can download financial records and ask for more Social Security-related services.
Also see:-What to do if the IRS calls you and you do not trust them
