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Experts at Maximize My Social Security have answered more than 10,000 questions about Social Security over many years. Search for your questions and answers here.
Is There A Provision For Increasing Monthly Benefits Now Or In The Future Not Counting The CPI?
Born in '46 and waited till 66 BD to apply for benefits. Is there a provision for increasing monthly benefit distribution now or in the future not counting the CPI every year?
Hi,
No. Other than for cost of living increases (COLA), the only way that your Social Security retirement benefit rate could increase is if you work and earn more in a year than you did in one of your previous highest 35 years of wage-indexed earnings.
Best, Jerry
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June 17, 2020