It’s not too early to see when to expect your monthly checks from the Social Security Administration (SSA) in 2021. The Social Security Administration has released the official 2021 Social Security payment schedule.
In this post, we will give you the payment dates by month, and explain what it all means for you, especially when to expect your benefit payment to be deposited in your account.
This is similar to the payment calendars we published for 2020 and 2019.
We will also explain major changes to Social Security coming in 2021 that may affect your benefits if you are about to start collecting benefits or are currently receiving benefits.
If you get your benefits through Direct Express Debit Card, the Social Security Payment Schedule for 2021 does not change the way your payments are deposited into your account.
Here is what you need to know:
This post will cover:
- The 2021 Social Security Payment schedule
- Exceptions to When Social Security Checks Arrive
- Social Security Disability Insurance (SSDI) Payment Dates
- Supplemental Security Income (SSI) Payment Dates
- 2021 Social Security Changes You Should Know About
The 2021 Social Security Payment Schedule
Social Security checks are deposited on the second, third, or fourth Wednesday of each month, depending on your day of birth. The Social Security check schedule works as follows:
- If your birthday is from the 1st to the 10th, you will receive your payment on the second Wednesday of each month.
- If you were born between the 11th and the 20th, your benefits will arrive on the third Wednesday of the month.
- If your birthday is from the 21st to the end of the month, you’ll receive your benefits payment on the fourth Wednesday of each month.
Exceptions to When Social Security Checks Arrive
If you fall into one of the categories below, your check may arrive on an alternate schedule.
You started receiving benefits before 1997: Your Social Security check is paid on the third day of the month.
Holiday exceptions: If the day your Social Security check is supposed to be deposited is a holiday, your check will be deposited the day before.
Here is the 2021 Social Security Payment Schedule as released by the Social Security Administration:
Here is a simplified version of the 2021 Social Security Payment Schedule
|2021||SSI||SS & SSDI (Birthdate 1st – 10th)||SS & SSDI (Birthdate 11th- 20th)||SS & SSDI (Birthdate 21st – 31st)||Both SS & SSI|
Social Security Disability Insurance (SSDI) Payment Dates
Similar to SS benefit payments, with SSDI payments, the date of your benefit is determined by your birthday as follows:
- If your birthday falls between the 1st and 10th of the month, you’ll receive SSDI benefits on the 2nd Wednesday of every month.
- If your birthday falls between the 11th and 20th of the month, your benefits will come on the 3rd Wednesday of every month.
- If your birthday falls between the 21st and the last day of the month, your payments will come on the 4th Wednesday of every month.
Supplemental Security Income (SSI) Payment Dates
For SSI recipients, benefits will arrive on the first of the month. If the 1st of the month falls on a Saturday, Sunday, or a federal holiday, you will be paid on the business day before then.
For example, if the 1st on the month falls on a Saturday, you’ll receive your benefits the Friday before.
2021 Social Security Changes You Should Know About
Social Security benefits are changing forever at the beginning of 2021.
Here is the summary of the 2021 Social Security changes:
1. Full Retirement Age Goes Up
The full retirement age will increase by two months in 2021 and again in 2022. By 2022, it will be age 67 for anyone born in 1960 or later.
Why is the retirement age going up? Keep reading to understand why.
What is the Full Social Security Retirement Age?
Your full retirement age (FRA) is the age at which you are eligible to receive 100% of your Social Security retirement benefit.
The full retirement age used to be 65 for those born in 1937 or earlier.
However, in 1983, Congress passed a law to increase the retirement age to 67 over a 22-year period (for those reaching age 62 between 2000 and 2022).
The FRA will reach 67 for workers born in 1960 or later – who become eligible for retirement benefits at age 62 in 2022 or later.
See the table below for the full retirement age based on your year of birth.
|Year of Birth||Full Retirement Age|
|1937 or earlier||65|
|1938||65 and 2 months|
|1939||65 and 4 months|
|1940||65 and 6 months|
|1941||65 and 8 months|
|1942||65 and 10 months|
|1955||66 and 2 months|
|1956||66 and 4 months|
|1957||66 and 6 months|
|1958||66 and 8 months|
|1959||66 and 10 months|
|1960 and later||67|
2. Will there be a COLA Increase?
For Social Security beneficiaries, the annual cost of living adjustment is a very important number to watch because it is essentially a pay raise for seniors who are mostly on a fixed income.
What is Social Security COLA?
The Social Security Administration (SSA) is required by law to prevent inflation from eating into the buying power the nearly 69 million Americans who receive benefits.
To do this, the SSA uses a Social Security COLA formula based on the consumer price index to adjust payouts every January.
Since prices typically rise, payouts typically rise also. If prices ever fell, payouts would stay unchanged until prices catch back up again.
Social Security COLA Increase for 2021
The Social Security Administration will announce the 2021 COLA increase in October 2020.
Here’s what you should know.
If there is an increase for 2021, it will be paid starting in January 2021. Increases for SSI payments will begin on December 31, 2020.
We will keep you updated when the COLA increase is announced.
While we don’t know what the increase will be, here’s a history of COLA for the last 10 years.
As you can see, there’s been an increase every year for the last 10 years except in 2016.
Social Security COLA History
Here’s a look at COLA increases since 2011.
2016: No increase.
2021 Social Security Payment Schedule Summary
We hope this post on the Social Security Payment Schedule was helpful.
If you have further questions about the payment schedule or Social Security retirement benefits in general, please let us know in the comments section below.
Be sure to check out our other articles on Social Security Direct Deposit Guide, Maximum Social Security Benefits, and Social Security Questions and Answers.