Government of the U.S. announces an increase of up to $5,108 in payments to SSA retirees starting on February 26th

Retired persons, beneficiaries of the Social Security Administration  (SSA, in English), will receive a significant increase in their monthly payment that could reach, in total, up to $5,108 per person, starting on February 26th next. 

According to the schedule established by the SSA, it will be this fourth Wednesday of February, the set date for the payment of this support for people who started receiving retirement benefits after May 1997, when the new amount will be delivered, which is subject to various aspects such as retirement age or other factors. 

Regarding the increase in the figure, it originates from the Social Security Equity Law, which has been in effect since January 5, 2025. Likewise, the 2.5% increase in the Cost of Living Adjustment (COLA) became another factor in the increase of this benefit. 

How much will each SSA retiree receive starting on February 26th? 

According to what is stipulated by the SSA, this new payment, which also includes Disability Social Security beneficiaries (SSID), as well as survivors, may vary according to the following aspects: 

• Average payment for a retiree - $1,976 

• Retired couple receiving the same benefits - $3,089 

• People who retired at 62 years old - $2,777 

• People who retired at 67 years old - $4,108 

• People who retired at up to 70 years old - $5,108 

Regarding the amounts for SSID beneficiaries: 

• Average payment - $1,620 

• People with blindness - $2,700 

• Trial work period - $1,160 

It is important to emphasize that the payment schedule can also vary depending on the beneficiary's date of birth. For those born between the 21st and 31st of any month, they will receive their new payment starting on Wednesday, February 26th. As for those born from the 1st to the 10th of each month, they are entitled to their payment on the second Wednesday of the month. Meanwhile, those born from the 11th to the 20th of each month, are entitled to their payment on the third Wednesday of each month. 

In addition to the above, and thanks to the increases applied since the beginning of the year, it was stipulated that retirees will be able to reach a maximum of $62,160 annually in 2025.

These pension benefits will positively impact over 72.5 million people nationwide. 

*This article has been automatically translated using artificial intelligence