2024 Cola Increase Ssa Employees

2024 Cola Increase Ssa Employees. For the year 2024, annuitants who retired under csrs will receive 3.2 percent increase and those who retired under fers will receive a 2.2 percent increase. Social security beneficiaries will get a 2.5 percent increase in their monthly payments next year, the social security.

In september, tscl projected the 2025 social security cola will be 2.5%. A cola of 3.5% would raise the average social security retirement benefit by $62.73 a month, based on the latest social security administration data.