2024 Social Security Cola Increase Update In India

2024 Social Security Cola Increase Update In India. In 2023, the social security administration indicated the cola would increase by 3.2% in 2024. A recent estimate by the senior citizens league puts the 2025 social security cola at an increase of 2.63% over 2024.

Increased payments to approximately 7.5 million ssi recipients will begin on december 29, 2023. Each year, the medicare part b premium, deductible, and coinsurance rates are determined according to provisions of the social security act.