Cola 2024 Increase Announcement As Of Today. The latest cola is 3.2 percent for social security benefits and ssi payments. A 3.2% cola for 2024 would increase an average monthly retiree benefit of $1,790 by $57.30, the tscl said.

“social security and ssi benefits will increase in 2024, and this will help millions. It typically makes that announcement right away,.