The first Social Security checks with the COLA (Cost of Living Adjustment) increase will begin to arrive to some beneficiaries on 11 January 31.
The Social Security Administration arranges for the mailing of monthly checks based on the beneficiary’s date of birth. Deliveries are made every Wednesday.
Usually, it is the second week of each month that the office processes the first checks with the COLA increase.
In 2023, on Wednesday of the second week January falls on 13.
How does the shipping schedule work? of Social Security checks?
According to the agency’s calendar, the first to receive the funds are the beneficiaries who have a birthday between the 1st and of their respective month.
The recipients whose date of birth falls between 13 and 21 assumes that they receive the money from the third Wednesday of January, which in this case would be 20.
While that on 21 of January, birthday boys between 21 and 21 begin to receive the monthly payment with the increase.
The Administration will send letters to the beneficiaries in early December detailing the specific amount of the increase.
On average, individuals will receive an additional $2023 dollars per month after the application of the 8.7% COLA increase announced last 13 October. Another way to obtain updates on the increase is by enabling an account in My Social Security.
The COLA calculation is based on inflation levels between the months of July and September compared to the same period of time but from last year.
The increase seeks to guarantee that Social Security and Supplemental Security Income (SSI) beneficiaries have the necessary funds to face the increase in the cost of products and services.
2023
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Social Security beneficiaries have until 13 November to create an account that details increase in checks by COLA as of January 2023