Social Security has already announced the new payments with COLA increase. For your information, some retired workers can get a check or direct deposit of up to $5,108.
However, this new payment will be issued in 2025. So, retirees will still have to wait until they can enjoy the 2.5% COLA boost. Bear in mind that the largest Social Security payment for retirees is worth $4,873 in 2024.
First Social Security payment of up to $5,108 in 2025
The Social Security Administration has announced that the first check or direct deposit for retirees in 2025 will be sent on the 3rd. So, January 3 will be the first payday with payments of up to $5,108.
The payment of up to $5,108 will only be for high earners. There can be other retirees who qualify for a Social Security payment on January 3, but they will not be eligible for such a large payment.
For example, if you are receiving retirement and SSI benefits, you cannot get $5,108. The largest payments on January 3 will only be for retirees who filed before May 1997. To get so much money, check the requirements below. Other possible paydays will be January 8, 15 or 22.
Requirements to get 5,108 dollars from Social Security
As a matter of fact, there are 4 key conditions the Social Security Administration has set to get $5,108 in 2025:
- it is mandatory to apply for Social Security at the age of 70
- it is essential to have had jobs covered by SSA, that is, you paid enough payroll taxes
- workers must have worked for at least 35 years
- workers must have earned the taxable maximum for 35 years (176,100 dollars in 2025)
Even if you cannot achieve these 4 requirements, they will help you get a higher payment in retirement. Delay retirement as close as possible to age 70. Work for a minimum of 35 years, or your benefits will get reductions. Even if you cannot earn the taxable maximum, get promoted and get a better salary.
