When do january ssi checks come out

Social Security beneficiaries will see a 5.9% increase in their benefits and Supplemental Security Income (SSI) payments starting in January. The cost-of-living adjustment is the biggest boost in benefits since 1982. (Shutterstock)Shutterstock

A calendar with payment schedule information for 2022 has been released by the Social Security Administration.

According to the calendar, beneficiaries with a birth date on the 1st-10th of the month will receive payments on the second Wednesday of the month starting on Jan. 12. People with birthdays on the 11th-20th receive benefits on the third Wednesday of the month starting Jan. 19; birthdays from the 21st to 31st of the month will be paid on the fourth Wednesday starting Jan. 26.

Supplemental Social Security beneficiaries are paid on the 1st of each month. Social Security benefits from prior to May 1997, or those receiving both Social Security and SSI, will be paid on the third of each month.

If payments aren’t received on the expected date, people should wait three mailing days before contacting the agency.

COLA increase

The 2022 payments will include a 5.9% increase, the biggest boost in 39 years.

The cost-of-living adjustment will mean an increase of about $92 a month for most retired workers, bringing the average benefit to $1,657 per month. Some of that increase, however, will be eaten away from higher Medicare Part B premiums that are rising from $140.50 to $170.10.

READ MORE: How to calculate your new Social Security payment

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Social Security January Payments: When Will Checks Arrive in 2022?

The new year is approaching, and the Social Security Administration will soon be sending out Social Security payments for January 2022. These payments will include the 5.9% cost-of-living adjustment for Social Security and Supplemental Security Income beneficiaries.

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As previously reported by GOBankingRates, if your birth date is on the 1st of the month through the 10th of the month, your benefits will be paid on Jan. 12, 2022. If your birth date falls between the 11th of the month and the 20th of the month, your benefits will be paid on Jan.19, 2022. And if your birth date is between the 21st of the month and the 31st of the month, your benefits will be paid on Jan. 26, 2022.

The U.S. has seen inflation rise to historic levels, reaching 6.8% over the last year — the biggest 12-month increase since 1982, according to the Bureau of Labor Statistics. This is also the largest COLA update in nearly 40 years. COLA increases over the past few years have been around 1% to 1.3%.

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Throughout 2021, the average Social Security benefit was $1,565, according to the SSA. The average monthly payment will rise to about $1,657 in 2022.

Beneficiaries can also apply for Social Security Supplement Income if Social Security checks aren’t enough to cover monthly expenses. If you are eligible, SSI would be paid on top of your monthly checks. SSI benefits are expected to increase to $821 in 2022, up from $794 per month in 2021, according to Forbes.

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This article originally appeared on GOBankingRates.com: Social Security January Payments: When Will Checks Arrive in 2022?