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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
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January 4, 2023