The Social Security Administration (SSA) recently announced changes to the benefit payment schedule for June due to some payment dates falling on weekends or federal holidays. If you are a Social Security beneficiary, here is all the information you need about the upcoming changes and how they will affect your SSI, SSDI, and retirement benefit payments.
Adjusted Payment Schedule
Each year, Social Security updates its benefit payment schedule so that all beneficiaries know exactly when to expect their monthly benefits. Typically, the SSA makes five payments each month unless a payment date falls on a weekend or holiday. In June, due to such scheduling conflicts, there will be fewer Social Security payments:
- SSI Recipients: The regular payment on June 1st has been rescheduled to May 31st, as June 1st falls on a Saturday.
- SSDI and Retirement Benefits: Payments scheduled for June 19th will be moved to June 18th because June 19th is Juneteenth National Independence Day.
June Payment Schedule
Here’s the detailed payment schedule for June:
SSI Payments
- No payment on June 1st: Payments are advanced to May 31st. Next payment is on July 1st.
SSDI and Retirement Benefits
- June 3rd: For beneficiaries who applied before May 1997.
- June 12th: For beneficiaries born between the 1st and the 10th.
- June 18th: For beneficiaries born between the 11th and the 20th (rescheduled due to Juneteenth).
- June 26th: For beneficiaries born between the 21st and the 31st.
If you have any questions about the payment dates, refer to the official benefit payment schedule for 2024. If your payment is not received on time, wait at least three mailing days before contacting the SSA’s customer service.
Potential Increase in Social Security Payments
The SSA adjusts Social Security payments annually based on the cost of living adjustment (COLA) to help recipients keep pace with inflation. The COLA percentage is determined towards the end of the year and is implemented the following January.
COLA Projections for 2025
For 2023, a 3.2% COLA increase was approved and implemented in January 2024. Estimates for the COLA for 2025 range between 2.6% and 3.2% due to ongoing inflation. Assuming a 3.2% increase, here are the projected payments for 2025:
| Social Security Programs | 2024 Payments | 2025 Payments (3.2% COLA) |
|---|---|---|
| Retirement Benefits | ||
| On average | $1,900 | $1,960 |
| Age 62 | $2,710 | $2,796 |
| Age 67 | $3,822 | $3,944 |
| Age 70 | $4,873 | $5,028 |
| Survivors Benefits | ||
| On average | $1,505 | $1,553 |
| Individual | $1,773 | $1,829 |
| 2 Children | $3,653 | $3,769 |
| Disability Benefits (SSDI) | ||
| On average | $1,500 | $1,548 |
| Blind recipients | $2,590 | $2,672 |
| Maximum payment | $3,822 | $3,944 |
| Disability Benefits (SSI) | ||
| On average | $698 | $720 |
| Individuals | $943 | $973 |
| Couples | $1,415 | $1,460 |
| Essential person | $472 | $487 |
Keeping Updated
It’s crucial to stay informed about the official COLA announcement, which will be made at the end of the year. The approved percentage will determine the exact adjustment in your monthly benefits.
FAQs
Why is the SSI payment date changing for June?
Payments are advanced to May 31st because June 1st falls on a Saturday.
What happens to SSDI and retirement payments on Juneteenth?
Payments scheduled for June 19th will be issued on June 18th due to the Juneteenth holiday.
What is COLA?
COLA stands for cost of living adjustment, which helps Social Security benefits keep up with inflation.
When will the 2025 COLA be announced?
The COLA for 2025 will be announced in October 2024.
How can I check my payment schedule?
Refer to the official benefit payment schedule for 2024, available on the SSA website.