One of the great advantages of collecting a Social Security check is that the beneficiary, whether on Disability or not, can know in advance at what time of the month the check will arrive. Also, the United States Government increases through COLA the payments on these checks each year. Therefore, the May 2024 payment is larger than the May 2023 Social Security May payment.
Thus, a retiree with a $2,500 payment in 2023 gets a larger check in the next mailing of Social Security Disability payments. In this way, what the Administration and the United States Government achieve is to balance inflation. If retirees lose purchasing power they could be in big trouble, so it’s best to avoid this at all costs.
And in the upcoming May Social Security payment mailing, Disability beneficiaries will be able to get a new maximum on their retirement check. This new maximum is the same as in previous months in 2024, but it is good to keep in mind that it will not be the same as in the same month in the previous year 2023, so we get a bigger and more important check.
When do the May Disability payments arrive and what is the amount?
The two big questions Social Security Disability beneficiaries ask is when will I get my payment and how much money will I have available. Well, in the month of May, the next of the checks is fast approaching. The payment for retirees with benefits prior to May 1997 is on May 3rd itself.
So, the first check for those retirees who meet that requirement will arrive tomorrow. As for the amount, the truth is that each beneficiary gets a different check. That check will depend on the retiree’s own record. So your payment could be $3,000 or $1,500. What is certain is that the maximum check is $3,822 for Disability beneficiaries.
All other beneficiaries, those with a post-May 1997 check, get their payment in the next few weeks. The exact date will depend on their birthday, and the amount will depend on their own work history. That said, all May payments will be 3.2% higher than May 2023 payments, so everyone’s check will be larger.