In 2024, Social Security recipients in the United States will experience a 3.2% increase in their Supplemental Security Income (SSI) and Disability Insurance (SSDI) pensions due to the Cost of Living Adjustment (COLA).
It is important to remember that the purpose of this benefit, granted by Joe Biden’s administration, is to support citizens facing temporary or permanent disabilities, as well as adults over the age of 65 who find it difficult to carry out their daily tasks.
In this context, it is relevant to know the amount of the monthly payment and the date from which Social Security can be claimed for the month of February 2024.
What is the amount of the Social Security payment per beneficiary?
For this year, the Social Security Administration increased payments to retirees and beneficiaries following the COLA 2024 adjustment of 3.2%. Given the increase for all sectors, the payment is as follows:
Group | Amount |
---|---|
Pensioners at age 62 | US$2,710 |
Retirees at age 67 | US$3,822 |
Pensioners at age 70 | US$4,873 |
SSI Beneficiaries – Individuals | US$943 |
SSI Beneficiaries – Couples | US$1,415 |
SSI Beneficiaries – Essentials | US$472 |
SSDI Beneficiaries (disability) – Minimum | US$1,489 |
SSDI Beneficiaries (disability) – Maximum | US$3,627 |
Social Security Payment Schedule for February 2024
The payment dates for Supplemental Security Income (SSI) and Disability Insurance (SSDI) beneficiaries generally remain constant from month to month, following an established procedure based on date of birth. For the month of February, the payment schedule is organized as follows:
- Thursday, February 1: Payment for Supplemental Security Income (SSI) recipients.
- Friday, February 2: Payment for pre-May 1997 retirees.
- Wednesday, February 14: Payment for post-May 1997 retirees born between the 1st and 10th of any month.
- Wednesday, February 21: Payment for retirees after May 1997 and born between the 11th and 20th of any month.
- Wednesday, February 28: Payment for retirees after May 1997 and born between the 21st and 31st of any month.
These are the dates and amounts that beneficiaries will get in February in their Social Security payments.