Cola 2024 Increase Announcement For Retirees

Cola 2024 Increase Announcement For Retirees. Here's how much more money you will start getting in january. Social security and supplemental security income (ssi) benefits for more than 71 million americans will increase 3.2 percent in 2024.

A 3.2% cola for 2024 would increase an average monthly retiree benefit of $1,790 by $57.30, the tscl said. 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.