Cola 2024 Increase Announcement 2024. For the year 2024, annuitants who retired under csrs will receive 3.2 percent increase and those who retired under fers will receive a 2.2 percent increase. Social security benefits and supplemental security income (ssi) payments for more than 71 million americans will increase by 3.2% in 2024.
Social security benefits will increase by 3.2% in 2024, the social security administration announced thursday morning. The senior citizens league, a nonpartisan advocacy group for senior citizens, have forecast a lower cola for 2025 versus 2024’s 3.2%.
Cola 2024 Increase Announcement 2024 Images References :