Are declared cost of living increases on Social Security added on to the the deferred retirement credits if one chooses to retire at the maximum retirement age?

Thank you

Hi,

Yes. Just to clarify, starting with the year that a person reaches age 62, their benefit amount is adjusted for all subsequent Social Security cost of living increases (COLA), whether or not they have yet applied for benefits. The 8% per year delayed retirement credits are then applied to the person's benefit amount as adjusted by all SS COLA's occurring since the year of age 62 attainment.

Best, Jerry