COLA

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I am 69 and still working. Will I get the COLA increase from last year?

Full question: I’m past full retirement age and still working full time. I’m turning 69 next spring. Will I get the COLA increase from last year? Hi there, Yes! When you turned 62 you started having the COLA applied to your benefit, regardless of if you were collecting or not. So yes, you will continue…

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I am receiving survivor benefits and disability. Will I still get the COLA raise?

Hello, Yes, if you are receiving survivor/disability benefits, starting in January your payment will include the new COLA increase. Best, Martha

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Will the COLA increase my benefits even if I wait to collect them?

Full question: I am 67 & 2 months. My expected earned benefit will increase by about 8% if I wait until Jan 2023 to claim my benefit. Will my benefit also be increased by the expected 8% + COL ? In other words, would I receive both increases? Hi there, Yes! After Full Retirement Age,…

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Do I already need to be collecting benefits to receive the cost-of-living adjustment?

Full question: Is it preferable to start collecting as of December 2021 rather than March 2022 in order to qualify for the 5.9% cola increase? Hello, For retirees who are already collecting benefits prior to January of a given year, they will automatically see an increase come January for the Cost-Of-Living. However, those who are…

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