Cola 2024 Increase Announcement Date. The official announcement of the 2024 cola increase is eagerly awaited and an exact figure will not be unveiled until oct. The social security administration announced earlier this month benefits will increase by 3.2% in 2024.

The social security administration said the increased payments with the 2024 cola for supplemental security income (ssi) recipients began december 29,. Increased ssi payments will begin with the.