Cola 2024 Update

Cola 2024 Update. The latest cola is 3.2 percent for social security benefits and ssi payments. More than 71 million americans will see a 3.2% increase in their social security benefits and supplemental security income (ssi).

Here’s what we know so far about the upcoming cola update. Individuals receiving insurance benefits under the federal employees compensation act (feca) will receive a 3.3 percent cola in march 2024.