Cola 2024 Increase Announcement. Effective july 1, 2024, the cola rate is 2.00% for those with a retirement date on or before july 1, 2023. The social security cola for 2024 was 3.2%, following a large 8.7% cola for 2023.


Cola 2024 Increase Announcement

While some advice is to retire in 2024 to secure the benefits of cola for that year, it is not necessary. Cola for the 2024 calendar year is 5.9 percent.

Cola 2024 Increase Announcement Images References :