2024 Cola Increase Estimate Calculator. When multiplied by 3.2% or 0.032%, the estimated cola, you can expect a monthly benefit in 2024 of about. A 3.2% cola for 2024 would increase an average monthly retiree benefit of $1,790 by $57.30, the tscl said.
The senior citizens league said wednesday that the social security cost of living adjustment, or cola, will likely be 3.2% for 2024. A cola of 3.2% would raise the average monthly retiree benefit by about $59.