November brings the final round of Social Security payments for retirees, with the last distribution scheduled for November 27, 2024—just two days before Black Friday. This timing offers an opportunity for some beneficiaries to take advantage of holiday shopping deals. However, not everyone qualifies for this late-November payment. Here’s a detailed breakdown of who gets paid when and what to expect.
Payment Schedule
The Social Security Administration (SSA) follows a specific payment schedule, which determines when retirees receive their monthly benefits. For November 2024:
- Payments were issued on November 1, 13, and 20 for qualifying retirees.
- The final payment date is November 27, 2024.
If you haven’t received a payment on the earlier dates, November 27 is likely your payday.
SSI Reschedule
Additionally, Supplemental Security Income (SSI) payments originally scheduled for December 1 will be advanced to November 29, 2024, ensuring beneficiaries can access funds just in time for Black Friday.
Gets Paid on November 27
The final payment in November is specifically for retirees who:
- Do not qualify for SSI benefits: Recipients of SSI receive their payments on a different schedule.
- Started collecting Social Security after April 30, 1997: This cutoff determines eligibility for the adjusted payment dates.
- Were born between the 21st and 31st of any month: Birthdates play a key role in the SSA’s staggered payment system.
If you meet these criteria, your November 27 payment will be the last retirement benefit issued this month.
How Much Will You Receive?
The amount retirees receive varies based on work history, contributions, and eligibility factors.
- Maximum payment: $4,873
- Average payment: $1,924
While some retirees may receive payments close to the maximum, most beneficiaries will see amounts closer to the average. It’s also important to note that this figure does not yet include the 2025 Cost-of-Living Adjustment (COLA), which will take effect with payments starting in January 2025.
Upcoming Payments
To help retirees plan, here are some important payment dates:
| Date | Eligible Beneficiaries |
|---|---|
| November 27, 2024 | Retirees born after the 20th of the month. |
| November 29, 2024 | SSI recipients (early December payment). |
| December 3, 2024 | Next payday for retirees paid on November 1. |
| December 31, 2024 | SSI payday for January 2025 (early disbursement). |
| January 3, 8, 15, or 22, 2025 | Retirees receiving COLA-adjusted benefits. |
Planning for the Holidays
The timing of the November 27 and November 29 payments aligns well with Black Friday shopping on November 29, 2024. This provides retirees and SSI recipients an opportunity to take advantage of seasonal sales and discounts.
If you’re relying on these payments for holiday spending, ensure your banking details are up to date with the SSA to avoid delays in receiving your benefits.
FAQs
Who gets paid on November 27?
Retirees born after the 20th who do not qualify for SSI.
When will SSI recipients get their next payment?
On November 29, 2024, instead of December 1.
What is the average Social Security payment?
Approximately $1,924, but it varies by individual.
When does the 2025 COLA take effect?
In payments issued in January 2025.
What is the maximum Social Security payment?
Up to $4,873, depending on eligibility factors.
