Ask Larry

Is It True That I Won't Receive The 5.9% COLA Because I Didn't File In Time?

I Larry i born on 1956 i apply for my retirement on november 2 2021 i specting to recive my first check i will recive the 5.9 increase from cola i was told no from social security because i was not recivin checks until november

Hi. What you were apparently told by Social Security is wrong. Since you were born prior to January 2 1960, no matter when you start drawing your Social Security retirement benefit your benefit rate will be credited with the upcoming 5.9% cost of living (COLA) increase.

Best, Jerry

Posted: 
Dec 29 2021 - 12:38pm
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