Disability beneficiaries in the United States can expect a higher payment in September 2024 due to the annual Cost-of-Living Adjustment (COLA). The Social Security Administration has included a 3.2% increase in this year’s payments, ensuring that recipients receive more than they did in September 2023 according to Tododisca.
Key Payment Dates for September 2024
The payment schedule for September 2024 is as follows:
- September 3rd: For retirees who began receiving benefits before May 1997.
- September 11th: For retirees post-May 1997 with birthdays between the 1st and 10th.
- September 18th: For retirees post-May 1997 with birthdays between the 11th and 20th.
- September 25th: For retirees post-May 1997 with birthdays between the 21st and 31st.
How to Ensure Timely Payment
Beneficiaries receiving their payments via Direct Deposit will receive their checks on the scheduled date. Those who use other methods may experience a slight delay.
Understanding the 3.2% COLA Increase
The 3.2% increase applies to all beneficiaries and translates to an additional $3.20 for every $100 received in 2023. This increase is automatic, and no action is required to receive the adjusted amount.
By staying informed about these updates, beneficiaries can ensure they receive their correct payments on time.
