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Social Security will send $360 more dollars to retirees in November

Social Security will send $360 more dollars to retirees in November

The Social Security Administration announced an increase in pension payments to beneficiaries across the United States. Beneficiaries can get up to $360 dollars Increase. This increase is called a cost-of-living adjustment (COLA).

The COLA is 8.7% in 2023, raising the maximum Social Security check from $4,194 to $4,555.

As a result, the next pension payment will be increased by up to $360 compared to the payment made in November last year.

Additionally, pension payments are expected in 2024 There is an additional increase of 3.2%The maximum Social Security retirement payment could be increased to approximately $4,700.

This increase represents a big improvement from the $4,194 recorded in 2022.

It’s important to note that even though all Social Security payments increased by 8.7%, the extra $360 will be received by retirees receiving the maximum payment.

Payment Dates for November:

-November 1: On this day the November Supplemental Social Security Payment is issued. This check is for a maximum of $914 dollars.
–November 8: Charges for those who retired after 1997 and born between 1st and 10th of any month of the year.
– November 15: Payments for those born between 11 and 20 in any month of the year.
November 22: Last payment of the month. Fees for those born between 21 and 31.

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A direct recipient of $914 dollars on December 1

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