Cola For 2024 Social Security Forecasting. We will mail cola notices throughout the month of december to retirement, survivors, and disability beneficiaries, ssi recipients, and. A cola of 3.2% would raise the average monthly retiree benefit by about $59.
That would make the 2024 cola the smallest in three years, following this year’s 8.7% hike and 2022’s increase of 5.9%. This is an automatic update and you don’t need to.