Cola Increase 2024 Newsletter. What a 3.2% cola means for social. The social security administration said the increased payments with the 2024 cola for supplemental security income (ssi) recipients began december 29,.

In 2023, the social security administration indicated the cola would increase by 3.2% in 2024. Improvement in conditions of service for employees on salary levels 1 to 12 and those covered by occupation specific dispensations (osds):