Based on your record of earnings, Social Security pays retirement, disability, dependent, and survivors benefits.
All of these benefits are covered by the Old Age, Survivors, and Disability Insurance Program (OASDI), which is the official name of Social Security.
Social Security recipients get their checks every month, and this year their COLA has increased by 5.9%.
According to Fingerlakes, as of this year, average checks are valued at $1,657 due to the COLA.
As of March 9, 2022, the next check round will be issued.
Who Get the Checks, and When in March?
On March 9th, the second Wednesday of the month, the first checks will be issued.
Those born between January 1 and October 10 will receive their checks tomorrow.
You can expect your check on March 16 if your birthday is between March 11 and 20.
All other birthdays will receive theirs on March 23.
Other Social Security Benefits
SSI benefits will be paid on the first day of the month to those who retired before 1997.
Others individuals will receive them as a part of social security checks schedules.
In 2022, the size of checks will decrease due to an increase in Medicare and COLA.
Visit the Social Security website to find out if you or a family member might be eligible for a benefit based on someone else’s work or a higher benefit based on your own work.
