Overview
- SSA disbursed the second July wave to those born between the 11th and 20th on July 16 and will release the final batch for birthdays 21–31 on July 23.
- Cost-of-living adjustments for 2025 have raised the typical retirement benefit above $2,000 a month and set the maximum payout at $5,108 for those claiming at age 70.
- Payroll taxes fund the program but analysts warn the trust fund could run short by 2034 if Congress does not intervene.
- Under the new policy, the SSA will deduct up to half of each beneficiary’s monthly payment to recover improper payouts until balances are cleared.
- The agency follows a strict weekday-only payment calendar to ensure deposits never fall on weekends or holidays.