As a result of the most recent Coast-of-Living Adjustment increase, millions of disabled Americans will get automatic checks in the amount of $841.
Retirees will experience a rise in their monthly benefits as a result of inflation and data from the Bureau of Labor Statistics Consumer Price Index of the United States Department of Labor.
The payment change will take effect on December 30 for Supplemental Security Income (SSI) and January 1 for Social Security benefits.
The 5.9 percent increase in the Consumer Price Index (CPI) is also applicable to Social Security Disability Insurance (SSDI).
SSDI is intended to offer assistance to those with disabilities who are unable to work or work in the same capacity as they were previously.
According to the benefit’s terms, it is intended to replace a portion of the qualifying worker’s wage.
Individuals receiving Supplemental Security Income (SSI) will see their maximum government payout increase to $841 per month in 2022.
The value is $1,261 for a couple; however, real payments may be greater due to higher contributions from some states than the national average.
A written notice from the Social Security Administration explaining their new monthly benefits should have arrived in the mailboxes of eligible individuals.
According to the Social Security Administration, if you did not receive a warning, you can retrieve the information online using your Social Security account.
WHEN WILL YOUR CHECK BE DELIVERED TO YOU?
In 2022, the maximum Social Security payout will be $4,194 per month.
To be eligible for the highest Social Security benefit, you must have earned six-figure amounts during your career, worked for at least 35 years, and filed your claim as late as possible.
The new Social Security benefits will begin to be paid out on the second Wednesday of each month to people who have a birthday between the first and tenth of the month on the first of the month.
Those who have birthdays between the 11th and the 20th of the month receive their benefits on the third Wednesday of the month, while those who have birthdays between the 21st and the 31st of the month receive their benefits on the fourth Wednesday of the month.
Claimants should expect to receive their Social Security benefits checks on the following dates: January 12, January 19, and January 26.