Social Security Cola 2024 Release Date 2024. The maximum monthly benefit for 2025. Social security benefits are on pace for a 3% cola in 2024.
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. Once that information comes in, the social security administration (ssa) will be able to calculate a cola for 2024.