Social Security Holiday Payments: What Retirees Can Expect on Christmas, New Year’s, and Black Friday

The federal agency in charge of giving out Social Security benefits is called the Social Security Administration. Every year, it plans more than 72 million payments for people in the United States who are eligible.

The agency will send new payments on important holidays like Christmas, New Year’s, Thanksgiving, and Black Friday in the last few months of the year.

The monthly benefits will go to people who qualify for Supplemental Security Income (SSI) and the OASDI program, which is also known as the Old Age, Survivors, and Disability Insurance program.

In the US, OASDI, which most people call “Social Security,” is the best program for keeping people’s incomes steady.

Based on the idea of social insurance, the program gives monthly payments to help make up for lost income due to death, disability, retirement, or disability.

96% of American jobs are covered, which means that almost all jobs are covered. The program is paid for by employment taxes that are collected under the Federal Insurance and Self-Employment Contribution Acts (FICA and SECA).

When will each group of beneficiaries receive their benefits on these important dates?

The Social Security payment schedule lists all beneficiaries’ upcoming payment dates for the year. Here are the rest of the payments that are planned for both OASDI and SSI recipients this year.

OASDI beneficiaries

• Today, just a few hours before Thanksgiving, OASDI beneficiaries who applied for benefits after May 1997 and were born between the twenty-first and thirty-first will receive benefits between $1,900 and $4,873 per month.
• These beneficiaries will also receive Social Security checks on Christmas Eve if they were born between the 21st and 31st.

SSI recipients

• When Black Friday approaches, it means that recipients of the Supplemental Security Income will also receive their SSI payments. However, this is not a regular payment, as the SSA generally delivers those payments on the first day of every month, unless that day falls on a Saturday, Sunday, or holiday.
• Just before the year ends, these recipients will get a new Social Security check, but this time it will come with an increase from the cost of living adjustment (COLA), as it is payment in advance from January 2025.

How much will OASDI and SSI recipients receive on the previously mentioned Social Security payments?

Because each program has its own rules, people who get money from the Supplemental Security Income (SSI) and the Old Age, Survivors, and Disability Insurance programs will be able to choose from a number of different payment amounts.

New Social Security Law: How It Will Impact Your Benefit Payments

The average and maximum benefit amounts are shown here so that beneficiaries can see them. These amounts are based on current SSA rules.

Social Security payments	Retirement benefits	Survivors benefits	Disability benefits	SSI benefits
On average	$1,900	$1,505	$1,537	$698
Other payments	Age 62: $2,710 Age 67: $3,822Age 70: $4,873	Individual: $1,773 2 Children: $3,653	Blind recipients: $2,590 Maximum payment: $3,822	Individuals: $943 Couples: $1,415Essential person: $472

Can beneficiaries receive both retirement benefits and SSDI checks?

People who are supposed to get retirement benefits and SSDI checks can not both get them. SSDI benefits are meant to replace some of a person’s income when he is disabled and can not work.

But the point of retirement benefits is to give people a way to make money when they reach retirement age, which again varies from 66 to 67 years old depending on the person’s birth year.

It makes sense that you can not get both types of benefits because your loss of income at retirement age is not because of a disability, but because you are retiring.

Because of this, the SSDI payment is changed into retirement benefits. SSDI basically gives people who can not work but have not reached retirement age yet their retirement payments.