Social Security Increase 2024. The latest cola is 3.2 percent for social security benefits and ssi payments. A cola that matches the 2.9 percent july figure would increase the average social security retirement benefit — about $1,870 a month in june 2024 — by.

A cola that matches the 2.9 percent july figure would increase the average social security retirement benefit — about $1,870 a month in june 2024 — by. A group of bipartisan lawmakers is pushing a plan that would increase social security payments for some americans who receive pensions.