Social Security Cola 2024 Announcement Date. The social security administration said the increased payments with the 2024 cola for supplemental security income (ssi) recipients began december 29,. The 2025 cola has big shoes to fill.

Social security benefits will increase by 3.2 percent beginning with the december 2023. Since 2020, the annual cola has checked in at 1.6% (2020), 1.3% (2021), 5.9% (2022) and 8.7% (2023).