Social Security Cola 2024 Announcement Date And Time. The 8.7% cola that took effect in 2023 was the largest ever granted to today’s retirees, and that came on the back of a sizeable 5.9% increase in 2022. Anyone born between the 21st and 31st of any month will have their benefits paid on october 23.


Social Security Cola 2024 Announcement Date And Time

The social security administration said the increased payments with the 2024 cola for supplemental security income (ssi) recipients began december 29, 2023, as january 1 is a holiday. The cola is adjusted annually to help.

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