I am receiving social security that started in April 2021 (Age 68. Of course, I got the COLA increase like everyone else. My question is I worked from January 2021 through July 2021 and have since retired.

When will the additional 7 months be calculated into my monthly social security payment?

Hi. Your 2021 earnings will only increase your benefit rate if those earnings were higher than one of your 35 highest years of wage indexed earnings currently being used to calculate your benefit rate. If they were, then Social Security should automatically increase your around September of 2022. Any such increase would be retroactive to your payment rate starting for January 2022, though, in which event you'd be paid back pay.

However, if you're referring to being credited for any delayed retirement credits (DRC) that you accrued in 2021, that will take longer. If you start drawing benefits between FRA and age 70, Social Security initially only gives you credit for any delayed retirement credits (DRC) that you earned through December of the year prior to the year you start collecting benefits. Any DRCs earned in the year that you start your benefits are subsequently credited effective with your payment for January of the year after the year you claimed benefits. My understanding is that the automated recomputations to include partial year DRCs are only done once every 2 years, so if you're due an increase for DRCs you earned in 2021 then you may be waiting until sometime in 2023 to actually see the increase. Social Security would, however, pay you any back pay you have coming retroactively for months starting January 2022.

Best, Jerry