Cola Increase 2024 Projections. Ssa calculates the percent change between average prices in the third. At this point, 2024 cola estimates are generally coming in within the 3% to 3.5% range.

That would add about $57 to monthly benefits, raising them to. A 3.2% cola for 2024 would increase an average monthly retiree benefit of $1,790 by $57.30, the tscl said.