$600 COLA Increase for Social Security Payments, SSA Receives 463K Calls Per Day

the Social Security Administration (SSA) Addresses widespread misinformation about a supposed $600 increase in Social Security benefits. This section delves into the implications of these false claims and how they impact your Social Security benefits and beneficiaries.

There has been a false rumor confusing Social Security recipients. Some claim they received a $600 payment increase or a new stimulus check this month.

These claims are false and have resulted in more than 463,000 calls in a single day to the Social Security Administration, reflecting the widespread impact these false claims have on recipients desperate for accurate information.

The Impact of Misinformation About SSI/SSDI

SSA 800# closed on June 3. Over 463,000 calls – 140,000 more than just a few days ago. Why? Partly due to a fake news story about a $600 payment increase. That’s false: no COLA until January 2025. Many thanks to all the SSA staff who helped customers with this rumor.

– Martin O’Malley (OMalleySSA) June 12, 2024

Social Security scams are known as the largest government fraud in the United States. According to the Federal Trade Commission (FTC), consumers reported losses of more than $126.5 million due to these scams last year alone. These fraudulent activities exploit the trust and urgency of individuals who rely on Social Security benefits, illustrating the serious consequences of misleading information.

Clarification from SSA

The SSA, led by Commissioner Martin O’Malley, has been clear in its communications to the public. “Reports of a $600 increase in payments are false. Please be aware and do not fall for this scam,” O’Malley said. The message is part of a broader effort by the SSA to crack down on misinformation and reassure recipients that any legitimate updates about their benefits will be sent directly from the agency.

Scheduled Payment Information

In light of the recent confusion, it’s also important to note the schedule for Social Security payments, which are typically organized around the recipient’s date of birth:

• June 3: Payments to those who received Social Security benefits before May 1997.
• June 12: Payments to beneficiaries whose birthdays fall between the 1st and 10th of the month.
• June 18: Adjusted to accommodate the federal holiday of Juneteenth, payments are made to those whose birthdays fall between the 11th and 20th.
• June 26: Payments for those whose birthdays are from the 21st to the end of the month.

These schedules are carefully planned to ensure timely delivery of benefits, reflecting SSA’s commitment to reliability and consistency.

Future cola ads

Looking ahead, the 2025 annual cost of living adjustment (COLA) is scheduled to be announced in October. While the Seniors Association’s forecast is for a potential increase of 2.57%, the final rate will depend on inflation measures from the third quarter of the year.

This amendment, if confirmed, would apply to benefits beginning in January 2025, continuing the Social Security Administration’s practice of applying these increases automatically without requiring additional information from beneficiaries.

Official sources and recommendations

Beneficiaries should consult directly. SSA Official Website For accurate information and updates regarding Social Security payments. In addition, SSA provides resources to help individuals recognize and report common Social Security scams.

The spread of misinformation about Social Security increases is a reminder of the importance of getting information directly from official channels like the SSA. By staying informed through trusted sources, beneficiaries can protect themselves from scams and ensure they are accurately updated about changes to their benefits.