Social Security Increase 2024 Effective Date

Social Security Increase 2024 Effective Date. Cola boosts benefits by 3.2%, but medicare premiums are also going up. Social security recipients will get a 3.2 percent increase in their monthly payments next year, the social security administration (ssa) announced oct.

In 2023, the social security administration indicated the cola would increase by 3.2% in 2024. Social security recipients will get a 3.2 percent increase in their monthly payments next year, the social security administration (ssa) announced oct.