Cola 2024 Increase Announcement. Cola for the 2024 calendar year is 5.9 percent. The latest cola is 3.2 percent for social security benefits and ssi payments.
July and august inflation reports suggest next year’s boost likely to be around 3%,. Social security benefits will increase by 3.2 percent beginning with the december 2023.
That Adds About $50 Monthly To The.
The 2024 cola is based on the 2.85% average increase in the consumer price index (cpi) measured from february 2023 to february 2024 for the los angeles.
Where The Consumer Price Index Has Moved By 10% Or More Since.
Cola increase takes effect july 1 for eligible retirees.
How Much Is The Increase:
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We Will Announce The Next Cola In October 2024.
July and august inflation reports suggest next year’s boost likely to be around 3%,.
The 2024 Cola Is Based On The 2.85% Average Increase In The Consumer Price Index (Cpi) Measured From February 2023 To February 2024 For The Los Angeles.
The group then increased that number to 2.6%.