The Social Security Administration (SSA) will issue November payments for retirees on three specific dates, with an average payment of about $1,921. Payments are scheduled according to the recipients’ birth dates, ensuring a smooth distribution.
Here’s what to expect, including the November payment schedule, benefit amounts, and information on dependents’ benefits.
Payment Schedule for November 2024
For eligible retirees, SSA will issue payments on these dates in November, based on their birth dates:
- November 13: For those born between the 1st and the 10th of the month.
- November 20: For those born between the 11th and the 20th of the month.
- November 27: For those born between the 21st and the 31st of the month.
These dates apply to retirees who do not receive their payments on the 1st of the month. The November 1 payment was designated for those who started collecting benefits before May 1997 and those who receive both Social Security and Supplemental Security Income (SSI).
Benefit Amounts for November
Payments in November will remain the same as in previous months, as the Cost of Living Adjustment (COLA) for 2025 won’t be applied until January 2025. This adjustment, estimated to be around 2.5%, is expected to add about $50 per month on average, with the increase appearing in the January 3, 2025 payment.
For November, here’s an overview of potential payment amounts:
| Payment Type | Average Payment | Maximum Payment |
|---|---|---|
| Individual Retiree | $1,921 | $4,873 |
| Spouse (based on retiree’s record) | $909 | Varies |
| Child (based on retiree’s record) | $892 | Varies |
Benefit amounts depend on several factors, including work history, the age at which a retiree filed, and other specifics. Those who filed early at age 62 may see a reduced benefit, while those who delayed filing until full retirement age or later may receive higher payments.
Additional Benefits for Spouses and Children
Dependents of retirees who qualify for Social Security may also be eligible for benefits. Here’s a summary of requirements and benefit amounts:
- Spouses: Spousal benefits average around $909 per month, with eligibility based on factors like the retiree’s payment amount and the spouse’s age.
- Children: Dependent children who meet SSA requirements can receive an average benefit of $892.
Planning for the 2025 COLA Increase
Though November’s payments won’t include the 2025 COLA increase, retirees can expect a small boost starting in January. The estimated 2.5% increase could add about $50 per month, or $600 annually, to help with rising living costs.
Quick Summary of November Social Security Payments
- Payment Dates: Payments will be issued on November 13, 20, and 27 based on birth dates.
- COLA Increase: A 2.5% increase begins in January 2025.
- Eligibility: Only retirees who have filed for Social Security will receive payments, and filing age affects benefit amounts.
These scheduled payments provide essential stability for retirees, ensuring a predictable income source to manage monthly expenses. For those who rely heavily on Social Security, November’s payments, along with the upcoming COLA increase, will help support their financial needs.