When I Receive My First Payment Will It Include The 5.9% COLA?
When I applied for SSA benefits in September 2021 (for Jan 2022), the latest SSA statement at that time in September showed that I would receive $xxxx, if I waited until age 70. I reach 70 in January 2022. I just got a benefits verification letter (Dec 28, 2021) showing that I will receive $xxxx (the amount from the Sept 2021 statement) starting in Jan 2022, with no mention of the 5.9% COLA and no COLA notification letter. When I receive the first check in February 2022, will it be for $xxxx or for $xxxx + 5.9%?
Thank you. Tom