Ask Larry

Why Were Our U.S. And Canadian Benefits Reduced As Of January 2021?

Why was my CPP and OAS reduced as of January 2021 - my husband was also reduced.

Hi,

My expertise is limited to U.S. Social Security benefits, and there haven't been any regulatory changes that would explain a decrease in your U.S. benefits. Social Security generally sends a notice in the mail explaining any changes in a person's benefit rate, but if you don't get a notice you'll probably need to call Social Security to ask for an explanation.

Best, Jerry

Category: 
Posted: 
Feb 26 2021 - 3:12pm
MaxiFi software running on a laptop
Get What's Yours!
Discover tens of thousands in extra retirement dollars with Maximize My Social Security software!
  • Find your maximized strategy
  • Unlimited what-ifs
  • Step-by-Step filing instructions
  • Our software's lifetime-benefit increase for an illustrative couple earning $65K each and planning to take retirement benefits at 62.

    Results will differ based on your specific case and filing strategy.

Getting Started is Easy
Web-based software. Works on ALL browsers. No download.