This week, millions of Social Security beneficiaries will receive their first round of 2025 retirement checks. This event marks a significant financial start for many, as these regular payments are crucial to retirees’ financial planning and monthly budgets.
The monthly Social Security payment schedule is divided into three waves. This system ensures that payment administration is organized and clear for all beneficiaries. Payments are distributed equitably, generating a steady flow of funds for those who depend on this income.
Social Security payments continue this week
The first wave of payments was made on January 8 for those born between January 1 and 10. Then, Social Security beneficiaries born between the 11th and 20th of their respective birth month will receive their regular monthly payment for January on January 15. The third and final wave of payments will be sent on January 22 to those born between January 21 and 31.
On January 31, there will be an advanced payment for those beneficiaries receiving Supplemental Security Income (SSI). Usually, these payments are made on the first day of every month, except when that day falls on a weekend or a holiday. That’s this case: February 1 is a Saturday, so the Social Security Administration (SSA) is advancing to the previous work day, which is January 31.
How Social Security payments are determined
Social Security payment amounts vary depending on a person’s earnings over their working life. These payments are not capped based on current income, meaning each check reflects the recipient’s earnings history. This structure allows payments to be adjusted to reflect each individual’s work and contributions to the system.
Citizens can begin receiving Social Security payments starting at age 62, although those who choose to wait until older may receive a significantly larger amount. For example, those who retired at age 67 can receive up to $4,018 per month, while those who retire at age 62 get a maximum of $2,831.
For their part, those who delay their retirement until age 70 have access to the highest benefit, which is $5,108 per month, according to the Social Security Administration.
What to do if payment does not arrive on time
In the event that a beneficiary does not receive their expected payment, it is important to act promptly. It is recommended to check the bank account to confirm that the payment has not been deposited.
If there is no trace of the check, it is suggested to contact the Social Security Service directly to resolve the situation, by calling at the 1-800-772-1213.
