Cola Increase 2024. More than 66 million retirees receiving social security checks will see their monthly government payments rise 3.2%, thanks to the social security administration's. The cola headed into 2023 with a historical rise of 8.7% , which marked the.
“if that was the law today, the cola in 2024 would be higher,” said ms. Social security benefits will increase by 3.2% in 2024, the social security administration announced thursday morning.