2024 Social Security Cola Increase Calculator November. The latest cola is 3.2 percent for social security benefits and ssi payments. The social security administration said the increased payments with the 2024 cola for supplemental security income (ssi) recipients began december 29,.

A 3.2% cola for 2024 would increase an average monthly retiree benefit of $1,790 by $57.30, the tscl said. The social security administration announced its annual cost of living adjustment for 2024.