Cola 2024 Increase Announcement For Retirees

Cola 2024 Increase Announcement For Retirees. There were about 67 million beneficiaries at the end of the calendar year.  — the social security administration announced an 3.2% cola increase for 2024.

 — the 2024 cola was announced on october 12, 2023.  — effective july 1, 2024, the cola rate is 2.00% for those with a retirement date on or before july 1, 2023.