![]() Who can see their notice online: COLA notices are available online to most beneficiaries through the Message Center of their personal my Social Security account if they created their account by November 17, 2021. However, you may not need to wait for your mailed notice to learn your new benefit amount for 2022: you can view your COLA notice online with your personal my Social Security account. Please wait until January before contacting us about your mailed notice. It is possible that your friend or family member will receive their notice in the mail before you. When your notice will arrive in the mail: We mail COLA notices throughout the entire month of December. Increased SSI payments will begin on December 30, 2021. ![]() When the increase takes effect: The increase will begin with benefits that Social Security beneficiaries receive in January 2022. By law, federal benefits increase when the cost of living rises, as measured by the Department of Labor’s Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W). This is the annual cost-of-living adjustment (COLA). You can find more information about the 2022 COLA here.How much is the increase: Social Security benefits and Supplemental Security Income (SSI) payments for approximately 70 million Americans will increase by 5.9% in 2022. Choose email or text under “Message Center Preferences” to receive courtesy notifications. The retirement earnings test exempt amount will also change in 2022.īe among the first to know! Sign up for or log in to your personal my Social Security account today. For example, the maximum amount of earnings subject to Social Security payroll tax in 2022 will be higher. January 2022 marks other changes that will happen based on the increase in the national average wage index. If you don’t have an account yet, you must create one by November 17, 2021, to receive the 2022 COLA notice online. Did you know you can receive a text or email alert when there is a new message waiting for you? That way, you always know when we have something important for you – like your COLA notice. If you prefer to access your COLA notice online and not receive the mailed notice, you can log in to your personal my Social Security account to opt out of a mailed COLA notice and any other notices that are available online by updating your Preferences in the Message Center. You can access this information in early December prior to the mailed notice. But, if you want to know your new benefit amount sooner, you can securely obtain your Social Security COLA notice online using the Message Center in your my Social Security account. We will mail COLA notices throughout the month of December to retirement, survivors, and disability beneficiaries, SSI recipients, and representative payees. This change means prices for goods and services, on average, are a little more expensive, so the cost-of-living adjustment (COLA) helps to offset these costs. The CPI-W rises when inflation increases, leading to a higher cost-of-living. Federal benefit rates increase when the cost-of-living rises, as measured by the Department of Labor’s Consumer Price Index (CPI-W). Approximately 70 million Americans will see a 5.9% increase in their Social Security benefits and Supplemental Security Income (SSI) payments in 2022.
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