The first requirement that could make you eligible for the Social Security payment on December 3, 2024, has to do with the moment you started collecting retirement benefits. For example, if you got retirement benefits before May 1997, you qualify for the first payment in December.
However, this is not the only way to qualify for a Social Security payment on the third. Those who have a low income can also receive Supplemental Security Income (SSI) benefits while on Social Security. Thus, if you get both benefits at the same time, you will also receive a retirement benefit payment on December 3, 2024.
How much money will retirees get from Social Security on December 3, 2024?
The amount of your Social Security payment will depend on your work history and filing age among other factors. However, the average retirement benefit for workers will be about $1,927 in December 2024.
That is the figure that the 2025 COLA Fact Sheet unveiled last October. Since none of the December payments include the 2025 COLA increase, the average 50-dollar boost will have to wait until January 2025.
The largest retirement check or direct deposit for any of the 4 payments in December for retirees will be:
- Up to $4,873 if you filed at 70
- Up to $3,822 if you filed at Full Retirement Age
- Up to $2,710 if you filed at 62
To qualify for the December 3 payment you must have filed and gotten approval from SSA. After December 3, there will be 3 more paydays.
Social Security payments after December 3
There is an important change for the Wednesday payment in December. Social Security will make a change and the third Wednesday payment will be issued on a Tuesday instead.
Actually, Social Security cannot issue a payment on Wednesday, December 25, 2024, because it is a Federal Holiday and all offices will be closed. So, the December payments will be:
- December 11: birth date from 1-10
- December 18: birth date from 11-20
- December 25: birth date from 21-31