Ask Larry

Am I Eligible For The Next COLA?

I turn 62 on Mar 1st 2023. Am I eligible for the next COLA?

Hi. No, assuming that you're referring to your own Social Security retirement benefit rate. Only people who were born prior to January 2 1961 will have the January 2023 cost of living (COLA) increase added to their Social Security retirement benefit rate.

Best, Jerry

Posted: 
Jul 25 2022 - 6:22pm
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