Retirees get a new COLA increase in February 2025 thanks to the last payment of the month

Published On:
Retirees get a new COLA increase in February 2025 thanks to the last payment of the month

Citizens of the United States may receive a new Social Security check in the coming weeks of 2025, in addition to a change in the time on the clock due to Daylight Saving Time (DTS). And because the new check will be larger than the previous year 2024, we must review all requirements and maximum amounts.

If we keep in mind that we will be able to enjoy an increase in the COLA every year unless something unexpected happens, we can conclude that US citizens with a benefit will have a little extra money at the start of each month. Of course, the extra payment is for the same month from the previous year.

So, if you have an accepted payment for Social Security benefits, you may soon receive a new check, either on the last day of February or in the first days of March. To mark on your calendar the day you will receive your next retirement check, you must first determine which group you belong to.

New Social Security check

The new Social Security check for the United States will arrive on February 26, 2025. The payment for this check will be greater than the payment for February 2024. This is because the COLA has raised all benefits since the start of the current year.

Thus, the maximum Social Security payment in 2025 could be $5,180, but only for old-age retirement benefits. Those with a disability check can receive up to $4,018.

In any case, to receive the payment on February 26th, you must be a member of Retirement Group 4. There are two requirements for membership in this group:

  • You must have been receiving a retirement check since after May 1997.
  • Your birthday must be between the 21st and 31st of any given month.

There are no other requirements for this payment, so the type of benefit has no bearing on whether or not we receive the Social Security payment at this time. The amount does not matter in order to receive this payment. It is also important to note that we will receive the same amount as in January 2025.

Upcoming Social Security payments

Following the payment on February 26, 2025, we will receive a new Social Security check in March of this year. The exact day will vary depending on the group to which we belong, as is common in these situations.

Thus, group 1 retirees will receive their benefits on March 3rd. Retirees in groups 2–4 will receive their Social Security benefits on the 12th, 19th, and 26th of the same month.

Remember that this is the day the payment is sent; whether or not you receive it on the same day depends on whether you have Direct Deposit set up.

SOURCE

Leave a Comment