2023-10-17 21:23:24
The fastest way to access Cost of Living Adjustment (COLA) notifications in Social Security checks starting in December is through the Message Center of the website of the aforementioned office.
The new COLA of 3.2% that will be applicable to Social Security checks starting in January The next one was announced on October 12.
Notices with the amount of the new COLA will be available in December for retirees, disabled, recipients of the Supplemental Security Income (SSI) program and other groups who benefit from Social Security Administration (SSA) programs.
“If you want to know the new benefit amount beforehand, you can Securely get your Social Security COLA notification online using the Message Center in your personal account (on the SSA website),” the office explains in a blog on its website.
“You can access this information in early December before receiving notification by mail (postal). Benefit amounts will not be available before December. Since you will receive the COLA notification online and by mail, you do not need to contact us to find out your new benefit amount,” they added.
The process is carried out through the “my Social Security” tool.accessible through ssa.gov where you must create a personal account.
Through the system, you can also choose the preference of only receiving notifications through the Message Center of your account and not by postal mail.
The new increase announced last week will benefit more than 71 million people. The 3.2% figure is exactly what The Seniors Citizen League anticipated in its August estimate.
The previous figure, according to the entity, would represent about Additional $57.30 dollars for a total of $1,790 in the average monthly profit.
In one of its recent statements, the SSA indicated that beneficiaries will receive more than $50 a month starting in January.
The annual increase by COLA seeks to guarantee that Americans have the income necessary to battle inflation.
Keep reading:
Steps to create an account on the Social Security page and receive COLA increase notices in 2024
COLA increase: how much more per month are beneficiaries expected to receive starting in 2024?
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