Social Security February 2024 Payment Schedule: Key Dates

The Social Security Administration’s February payment schedule begins this week, following the established Social Security payment schedule based on beneficiaries’ birth dates. This methodical approach ensures efficient delivery of Social Security benefits to approximately 66 million Americans who depend on these monthly payments for financial stability.

Social Security Payment Schedule Structure

The Social Security benefits distribution timeline adheres to the following protocol:

• Recipients with birth dates between the 1st and 10th receive Social Security payments on the second Wednesday (February 14)
• Those born between the 11th and 20th receive their benefits on the third Wednesday (February 21)
• Individuals born between the 21st and 31st receive Social Security payments on the fourth Wednesday (February 28)

An exception applies to beneficiaries who started receiving Social Security benefits before May 1997, who receive their payments on February 3rd, regardless of birth date.

Supplemental Security Income (SSI) Schedule

It is important to note that Supplemental Security Income (SSI) recipients typically receive payments on the first of each month. However, when the first falls on a weekend or holiday, SSI payments are distributed on the preceding business day. Consequently, February’s SSI benefits were issued on February 1st.

Social Security Payment Amount Considerations

Following the 3.2% cost-of-living adjustment (COLA) implemented in January 2024, the average monthly Social Security benefit for retired workers now stands at $1,907. This represents a modest increase from the previous amount, helping beneficiaries manage rising living expenses. For more details about future adjustments, see this resource on the cost-of-living adjustment (COLA).

For comprehensive information regarding payment schedules, disability benefits, and benefit calculations, beneficiaries are advised to consult the official Social Security Administration website or contact their local SSA office.