Amid the chaos surrounding and uncertainty the Social Security Administration, it has finally announced its final March roll-out on the 26th of March 2025. It will release stimulus checks worth $5,108 for beneficiaries who are eligible. The payment scheduled this Wednesday is not a typical stimulus payment like the COVID-era Economic Impact Payments. March roll-out is basically retirement, disability (SSDI), and survivor benefits. If you want to know more about the payments, this article is for you. It brings you everything you need to know about the social security payments scheduled on March 26.
Social Security Payments On March 26: Who Is Going To Receive The Money?
If you are someone who is awaiting their Social Security benefits and wants to know whether the roll-out scheduled in March is for you or not, the following list will guide you. It will brief you about who is set to receive the stimulus payment on March 26th.
Regular Monthly Benefits With 2025 COLA
The Social Security Administration recently announced a 2.5% Cost-of-Living Adjustment (COLA) for 2025. It comes into effect in the month of January this year. This was basically done to boost monthly payments keeping up with the rapidly growing inflation. The average benefits under this scheme was $1,976 which became $2,025 per month after the increase. If you have attained 70 years of age the maximum benefits amount to $5,108. On the other hand, if you are at 67, the maximum benefits amount to $4,018, or if you are 62, it amounts to $2,831.
Social Security Fairness Act Retroactive Payments
The Social Security Fairness Act came into existence in the month of January 2025 replacing Windfall Elimination Provision (WEP) and Government Pension Offset (GPO). This affected around 3.2 million beneficiaries who had non-covered pensions. The administration started issuing the retroactive payments in the month of February 2025. Most of the payments are due late in March. Those who haven’t received the payments worth $6,710 since December 2023 can receive it on the 26th of March or separately as the month ends.
Social Security Payments On March 26: How Much Exactly Will You Receive?
The payments that the administration will issue on the 26th of March 2025 are divided into two groups. In the first case, if you are a typical retiree who is born between the 21st and 31st of any month and started receiving benefits after May 1997, you will receive $2,025. On the other hand, if you are someone affected by WEP/GPO, you might receive a one-time retroactive payment worth $6,710. The amounts are subject to your work history, retirement age, and Fairness Act eligibility.
How To Ensure You Get The Payments On Time?
If you are someone who wants to ensure that you receive the Stimulus payments scheduled on the 26th of March on time, you will have to check a few things. The first thing you will have to check is whether the mailing address, as well as the banking details registered with SSA, is accurate. Another thing you will have to check is the information about your marital status, dependents, and income. You will have to report any changes or inaccuracies in these details to the SSA. Beneficiaries can also check the status of their payments through the my Social Security account on the official website of the administration.
