Ask Larry

Will I Receive The COLA Benefit In 2022?

I turned 70 in April 2021. I am already receiving SSI. Will I receive the COLA benefit in 2022?

Hi. Yes. In fact, all Social Security cost of living (COLA) that occur after a person turns age 62 are added to their Social Security retirement benefit rate regardless of whether or not they've started drawing benefits.

Best, Jerry

Oct 6 2021 - 8:54am
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