Handfuls of Americans are beneficiaries of Social Security month after month, this October is no exception. Social Security payments form the basis of the financial means of many United States citizens. The Social Security Administration (SSA) makes payments to retirees over age 65, people with disabilities, eligible people, and survivors of deceased claimants.
Also known as the Old-Age, Survivors, and Disability Insurance (OASDI) program, tax-funded benefits provide money to those who would otherwise struggle to survive. Its mission is to replace income lost as a result of factors such as old age, disability, or financial support attributed to a deceased spouse or parent.
SSI, Know What It Is?
Supplemental Security Income (SSI) is an additional payment provided to elderly, blind, and disabled people who do not have very good income and have little or no assets. Often, the goal of such payments is to increase the income of retirees whose OASDI payments may not be sufficient to meet their needs.
This is due to the large number of beneficiaries who receive their benefits regularly; not all applicants have their money on the same date each month. The date on which the applicant is paid is determined based on various factors to be evaluated, including the type of benefit, date of birth and place of residence.
When Will My October Payment Arrive?
- Yesterday 1 of October, The first round of payments has started for all those who receive SSI benefits.
- The next scheduled payment will be for tomorrow October 3, those Social Security beneficiaries who have been applying for benefits since before May 1997 will receive their retirement check on October 3. This date also applies to those claiming both SSI and old-age benefits.
- Those beneficiaries whose birthday is between the 1st and 10th of any month will receive their payment on Wednesday, October 9.
- Applicants who were born between the 11th and 20th of any month will receive their monthly amount on October 16.
- Anyone born between the 21st and 31st of any month can count on their payment of benefits for the October 23.
The official statement on how much the increase in benefits will be for the year 2025 will also be made this October, and the changes will be reflected from December 2024 onwards. The official announcement regarding the cost of living adjustment (COLA) will be made on October 10. Benefit increases are based on the Consumer Price Index for Urban Wage Earners and Clerical Employees (CPI-W) rates for the third quarter of the year (July, August, and September). The CPI-W keeps track of spending by US workers.
If You Detect a Missing Social Security Payment, Here We Tell You What to Do
Those beneficiaries who do not receive their electronic payment on the scheduled date should first contact their bank or financial institution, according to the Social Security Administration, which notes that “you may be experiencing a delay in sending your payment.”
And if you still need to report a late, missing or stolen Social Security payment, you should contact the Social Security Administration at 1-800-772-1213 (TTY 1-800-325-0778) or contact your local Social Security office.
All Programs Administered by SSA Are Subject to the COLA Increase. These Include the Following
- Retirement benefits, including spouses who qualify for Social Security benefits based on their partner’s income
- Survivor benefits
- Supplemental Security Income
- Social Security Disability Insurance
