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WHY IS THE 8.7% COLA HIKE NOT FOR EVERY-ONE?
The Social Security Administration has planned to give COLA HIKE TO SOME RECIPIENTS ONLY
YOU WOULD GET PIA IF YOU CHOOSE TO GET RETIREMENT BENEFITS AT YOUR NORMAL AGE OR AT FULL RETIREMENT AGE.
THE SOCIAL SECURITY ADMINISTRATION STATED:
PIA depends on:
"three different percentages of portions of average indexed monthly earnings."
1. Turns 62.
2 . Gets disabled before turning 62.
3. Or dies before turning 62.
Three portions are based on whether a recipient:
Your PIA, and monthly benefits can be the same if you wait until you reach retirement age.
Recipients who claim benefits after
completing FRA get
HIGHER AMOUNT.
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