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"SS COLA increases your base benefit BEFORE collecting SS?"

  • RedTennies
    Posted: Feb 25, 2012 06:45 PM
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    RedTennies
    Ventura, CA
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    Does your base benefit (PIA) increase by the COLA amount each year BEFORE you begin taking benefits? Or does your benefit increase by the COLA amount ONLY AFTER starting to receive SS benefit?.

    I am planning to delay benefits but am wondering if the 8% annual increase between age 66 and 70 will be eroded by foregoing the COLA amount that current SS recipients receive. When I do the Benefit Estimator at SS.gov every year, it doesn't seem to increase by the current COLA amount. Is there a reference for this in either the SS law or website? I couldn't find it.

    Thank you.

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