Social Security announces 2024 COLA increases
The Social Security Administration has announced a 3.2% increase in SSA and SSI payments for 2024.
For Annual Recertification’s effective January 1, February 1 and March 1 that have not been completed, you must do the following:
Use the current verified income and add the 3.2% COLA increase.
For recertifications effective April 1 or later, EIV should be updated by this time to reflect the increase.
For more information on the COLA: 2024 COLA Increase