The Social Security Administration (SSA) is set to issue its final round of April 2025 payments on Wednesday, April 23.
This disbursement targets beneficiaries whose birthdays fall between the 21st and 31st of any month and who began receiving benefits after May 1997. The payment includes the 2.5% Cost-of-Living Adjustment (COLA) implemented in January 2025, aiming to help recipients cope with ongoing inflation.
The COLA increase translates to varying benefit amounts depending on individual circumstances. For instance, early retirees who claimed benefits at age 62 may receive up to $2,831 monthly, while those who delayed retirement until age 70 could see payments as high as $5,108. The average retired worker is expected to receive approximately $1,976 per month.
In addition to the COLA, the SSA has introduced other significant changes in 2025. The maximum taxable earnings subject to Social Security tax have increased to $176,100, up from $168,600 in 2024. Furthermore, legislative changes have eliminated the Government Pension Offset (GPO) and Windfall Elimination Provision (WEP), potentially resulting in higher benefits for affected retirees.
Beneficiaries can verify their updated benefit amounts by accessing their “my Social Security” accounts online. The SSA has streamlined the COLA notice, making it easier for recipients to find essential information regarding their benefits.
For those who do not receive their payment on the expected date, the SSA advises allowing three additional mailing days before contacting the agency.
Overall, these adjustments reflect the SSA’s efforts to maintain the purchasing power of Social Security benefits amid economic fluctuations.
