2024 Ssi Cola Increase Chart. The social security administration said the increased payments with the 2024 cola for supplemental security income (ssi) recipients began december 29, 2023, as january 1 is a holiday. That adds about $50 monthly to the average retirement benefit consumers will.

If a cola of 2.7% is granted, it would mark the first time in. Social security benefits will increase by 3.2 percent beginning with the december 2023 benefits, which are payable in january 2024.