Ask Larry

Will My SS Account Get The 8.7% COLA Raise?

Will my ss account get the 8.7% cola raise. If I am not drawing ss now, born December 1961. Full retirement age 67

Hi. No. Only people who were born on or before January 1 1961 will be credited with the 2023 8.7% cost of living (COLA) increase when calculating their Social Security retirement benefit rate.

Best, Jerry

Jan 3 2023 - 8:48pm
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