As the end of the year approaches, United States Social Security beneficiaries continue to see increases in their payments thanks to COLA 2024. This adjustment, which takes into account the rising cost of living, continues to have a direct impact on retirees’ checks. Although COLA 2024 has already been implemented, the next payment, on October 23, is especially important for Group 4 retirees , who will get their check with the annual increase.
Although this is not a real increase due to inflation, the increase is intended for retirees to maintain their purchasing power, adapting to economic changes. Let’s see everything you need to know to get this payment without inconveniences. Remember that each collection day has its own requirements but that every month we get check without problems regardless of the group we belong to.
Who are part of group 4 and how will they get the check on October 23rd?
October 23rd is the day assigned for the payment of retirees who belong to group 4, which is made up of those who started receiving their benefits after May 1997 and have birthdays between the 21st and 31st of each month. If you belong to this group, you will get your check on October 23, with the adjustment corresponding to the COLA 2024.
Therefore, we should keep the following information in mind:
- Beginning to get benefits after May 1997.
- Birthday between the 21st and 31st of each month.
If you meet these requirements, you can get your payment according to the schedule established for group 4. It is important that you verify that all your information is correctly recorded to avoid any inconvenience with the distribution of your check.
The type of benefit does not affect the day we will get your check during the month. Thus, whether it is the Disability or Age Retirement payment, we can get it on October 23rd if we are part of group 4. Likewise, the payment in this month will be the same as in the rest of the months of the current year, so we will have the same amount as in February, May or any other month of 2024.
Avoiding Social Security payment delays
To ensure that your Social Security payment arrives on time, it is crucial that you keep your information up to date. If you have changed your address, account number, or any other relevant information, let the Social Security Administration know as soon as possible.
This can be easily done through their online platform, where you can manage your information quickly and efficiently.If you choose the direct deposit option, verify that your bank account is in order to avoid possible rejections.
If you do not get your payment by the due date, the first thing you should do is check your online account to confirm the status of your payment. If everything appears to be correct, but the check still has not arrived, contact the SSA to resolve the issue quickly and efficiently.
