Maxie Sibelle

Expected Cola Increase For 2024. Social security beneficiaries are not getting the increase that would really benefit them, he said. A 3.2% cola for 2024 would increase an average monthly retiree benefit of $1,790 by $57.30, the tscl said.

The experts estimated a 2.7 per cent rise in cola next year and if this happens, then for the first time in 31 years the seniors will receive a cola of 2.7 per. Beginning in january 2024, checks reflecting those increases.