The State of California has confirmed that Social Security beneficiaries will receive an increase in their payments beginning December 30, 2024. This 2.5% increase is part of the Cost of Living Adjustment (COLA) applied across the United States for 2025. The COLA is based on inflation rates to ensure beneficiaries maintain their purchasing power.
The December 30, 2024 Payment
The first payment reflecting this increase will be for Supplemental Security Income (SSI). Normally scheduled for January 1, this payment has been moved to December 30 due to the New Year’s Day holiday. This adjustment benefits millions in California and across the country, particularly those who rely on these funds for basic needs.
Types of Social Security Benefits
The Social Security program encompasses several types of benefits, all of which will see a 2.5% increase:
- Retirement Benefits: For individuals who have reached retirement age and contributed to the system during their working years.
- Disability Insurance (SSDI): For individuals unable to work due to a long-term disability.
- Supplemental Security Income (SSI): For low-income individuals, including seniors and people with disabilities.
- Survivor Benefits: Payments made to family members of deceased workers.
January 2025 Payment Schedule
Social Security payments are distributed based on the beneficiary’s birthdate. Here is the schedule for January 2025:
- January 3: Payments for those who receive benefits before May 1997 or who also receive SSI.
- January 8: Beneficiaries born between the 1st and 10th of the month.
- January 15: Beneficiaries born between the 11th and 20th of the month.
- January 22: Beneficiaries born between the 21st and 31st of the month.
The COLA increase will be reflected in all these payments.
Impact in California and Nationwide
California, home to more than 6 million Social Security beneficiaries, will see a significant impact from this adjustment. However, the increase is a nationwide policy benefiting over 70 million recipients across the United States.
This adjustment aims to ease the financial burden on Americans as they face rising living costs, reinforcing the commitment to support the nation’s most vulnerable citizens.
For more details about your payments, you can visit the official Social Security Administration (SSA) website.