Social Security Important Update: One Group Is Getting Their Money This Week

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Social Security Important Update: One Group Is Getting Their Money This Week

Retirement benefits from the Social Security Administration (SSA) will be distributed next week, as scheduled. Only March 12 is scheduled as the payment date for the following week, which corresponds to beneficiaries born between the first and tenth of any month.

This day, as a business day, ensures that funds are deposited without delay due to holidays or weekends.

Payments are allocated according to date of birth, as confirmed by the SSA. Those born between March 11 and March 20 will receive their funds on March 19, while those born between March 21 and March 31 will receive their funds on March 26.

These latter groups are not included in the upcoming week, so March 12 will be the only relevant day during that time period.

Average Social Security amounts and adjustments for inflation

According to data from the official SSA website, retirees will receive an average monthly benefit of $1,976 in March 2025. This amount includes a 2.5% cost-of-living adjustment (COLA) for 2024, which will be in effect until December 2025. The maximum amount varies based on claim age: $4,018 for those who retired at age 67 and $5,108 for those who waited until age 70.

However, most beneficiaries receive less than the maximum, as the final amount is determined by their previous contributions. Those who applied for benefits at age 62 will have a $2,831 cap, which reflects reductions for early retirement. The SSA clarifies that these values are estimates that can be adjusted based on individual cases.

Legislative changes and retroactive payments for millions of retirees

The Social Security Fairness Act, which has been in effect since 2025, modifies the calculations for those affected by the Benefit Elimination Provision (WEP). The SSA began the retroactive payment process for this group in March, with monthly increases beginning in April. According to official statements, regular March deposits do not reflect these adjustments.

Beneficiaries under the WEP must wait until April for updates on their amounts. In the meantime, the SSA recommends checking its web portal or calling the hotline to clarify any questions. This measure seeks to address disparities in benefits for workers whose pensions are not covered by Social Security.

To check the status of their deposits, retirees can visit www.ssa.gov or call 1-800-772-1213. The Social Security Administration warns that if there are delays, you should wait three business days before reporting the incident.

Furthermore, it is recommended that bank details be updated in the system to avoid interruptions in direct deposit.

Although March 12 does not coincide with any federal holidays, the entity insists on reviewing bank accounts on the same day. For those who receive SSI or live outside the United States, special payments for March 3 have already been processed, so they do not need to apply for next week.

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