2024 Ssi Cola Increase Amount. In 2023, the social security administration indicated the cola would increase by 3.2% in 2024. The latest such increase, 3.2 percent, becomes effective january 2024.
The increase is much lower than the 8.7% cola that was put in place in. E benefits paid in january, 1974 were based on the federal benefit rates established by public law 92.
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