First COLA payment 2022: Are you eligible to receive this check in a few days?

January 13 is the marked date for the distribution of Social Security COLA payments

If you were born in between the first 10 days of any month, expect to receive a COLA payment on the mail.

In 2022, COLA payments expect a 5.9% increase over 2021 due to inflation adjustment. This is the largest adjustment since 1982.

Thus, workers will receive a monthly check that will increase from $1,565 to $1,657 per month. The increase in the amount of pay is tied to the increase in the consumer price index – inflation – determined by the U.S. Bureau of Labor Statistics.

Individuals with birthdays between January 11 and January 20 will be eligible to receive benefits on the third Wednesday of the month.

People with birthdays between the 21st and 31st of the month also can expect payment on the fourth Wednesday of the month.

Who can receive the check?

The Social Security Administration (SSA) will mail COLA notices throughout the month of December to retirement, survivor, and disabled beneficiaries.

To SSI recipients, the monthly check will increase to approximately $841 from $794. They will also receive letters explaining the increase.

Divorced retirees and their former spouses are also eligible for additional benefits. If your former spouse is eligible for retirement benefits on his or her own record, SSA will pay that amount first.

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