Cola Increase 2024 Ssi. 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.

This adjustment will affect social security retirement, disability, and ssi payments. Ssi beneficiaries who also receive social security benefits generally receive their social security payments on the third of the month.