Social Security COLA Dates

The Social Security Administration (SSA) recently announced a 2.5% cost-of-living adjustment (COLA) for 2025. While this increase is slightly lower than the previous year's 3.2%, it will add an average of $48 to monthly retirement checks, helping Social Security recipients maintain purchasing power amidst inflation. With nearly 68 million beneficiaries expected to see the 2025 COLA in action, here are the top three dates to keep in mind for your updated benefits:

1) Early December 2024: Notification of Benefit Amounts


In early December, the SSA will start sending out personalized COLA notices detailing each recipient's new benefit amount. For those who prefer traditional mail, expect a more streamlined, one-page notice that clearly shows payment amounts, deductions, and important dates. This new design aims to reduce confusion and make key information easily accessible.

For those who manage benefits online through a my Social Security account, you’ll be able to see your COLA notice there as well. If you’d like text or email alerts, ensure your account is set up by Nov. 20, 2024, so you’re ready when your updated COLA information posts.

2) December 31, 2024: Supplemental Security Income (SSI) Payments with COLA


Beneficiaries receiving Supplemental Security Income (SSI) will notice the COLA adjustment in their payments by the very end of the year, specifically on December 31, 2024. Nearly 7.5 million Americans who rely on SSI will benefit from this early adjustment. This change applies to those who receive SSI benefits solely or in addition to Social Security.

3) January 8, 2025: First Regular Social Security Payments with COLA


The new COLA will officially be reflected in regular Social Security payments beginning on January 8, 2025. Payment dates follow the standard SSA schedule based on recipients' birthdates:
  • January 8: Payments for beneficiaries born between the 1st and 10th of the month.
  • January 15: Payments for beneficiaries born between the 11th and 20th.
  • January 22: Payments for beneficiaries born between the 21st and 31st.
If you’re unsure when your specific payment will arrive, double-check your birthdate and SSA’s payment schedule to stay informed.

Additional Change: Payroll Tax Cap Increase for 2025


Starting January 1, 2025, the maximum earnings subject to Social Security payroll taxes will increase to $176,100, up from $168,600 in 2024. This increase will affect high earners, ensuring the Social Security system can better support future beneficiaries.

Stay Informed & Prepared


Knowing these dates can help you stay prepared and understand what to expect. If you’re managing benefits online, consider setting up a my Social Security account for easy access to your benefits and COLA notifications. By being aware of these dates and changes, you’ll be ready to make the most of your Social Security benefits in 2025.