Social Security Benefit Recalculation Explained: Why Some Payments Increased More
Many beneficiaries noticed that some Social Security payments increased more than others this year, leading to questions about how benefits are recalculated. While annual Cost-of-Living Adjustments (COLA) apply equally as a percentage, certain people receive larger dollar increases due to earnings updates or corrections. These changes are handled automatically by the Social Security Administration (SSA). … Read more