Art, All I am seeing online is the 2.2% COLA raise but it says nothing about that happening each month.This is for all the retired USA expats there in the Philippines. Now you can go out after the first of the year and eat more Mcdonalds or Jolly Bees! Ha Ha. We just got notified that our SS will increase by 2.2 % each month. WOW! How about that?
Okay,,,, now I'm understanding what you meant but yea. 2018 COLA increase will be 2.2% and that matches the info I found.Hey Jet,
Are you joking me? I figure there are 2 ways to calculate the increase. Multiply the annual by 2.2 % and divide it by 12 or 2.2 % times each month payment comes out the same. Either way it is a 2.2 % increase. Maybe I am making it to confusing. hahaha