COLA increase 2022 update – Exact date Social Security $1,657 checks will be deposited as FECA COLA count finalized

THE exact dates millions of retirees will receive enhanced $1,657 Social Security payments have been revealed as 2023 speculation of a COLA increase continues to climb. In 2021, the average monthly payment for retired workers was $1,565, and that rose to $1,657 with the 5.9 percent COLA increase. February’s first batch of SSI checks is on the way to help recipients out with increased funds. The checks being issued this month are being sent out by the SSA in three waves according to the recipient’s birth date, on February 9, 16, or 23. The maximum benefit for someone who retired… Read Full Article