Cost-of-Living Adjustment (COLA) Information | SSA
The 2.5 percent cost-of-living adjustment (COLA) will begin with benefits payable to nearly 68 million Social Security beneficiaries in January 2025. Increased payments to nearly 7.5 million SSI recipients will begin on December 31, 2024.
Social Security Announces 2.5 Percent Benefit Increase for …
2024年10月10日 · Nearly 68 million Social Security beneficiaries will see a 2.5% COLA beginning in January 2025. Increased payments to nearly 7.5 million people receiving SSI will begin on December 31, 2024. (Note: Some people receive both Social Security benefits and SSI).
Cost-of-Living Adjustment (COLA): Based on the increase in the Consumer Price Index (CPI-W) from the third quarter of 2023 through the third quarter of 2024, Social Security and Supplemental Security Income (SSI) beneficiaries will receive a 2.5 percent COLA for 2025. Other important 2025 Social Security information is as follows:
Cost-Of-Living Adjustments - The United States Social …
COLA determination. SSI payment rates increase with COLA. Since 1975, Social Security general benefit increases have been cost-of-living adjustments or COLAs. The 1975-82 COLAs were effective with Social Security benefits payable for June in each of those years; thereafter COLAs have been effective with benefits payable for December.
Latest Cost-of-Living Adjustment - The United States Social …
The latest COLA is 2.5 percent for Social Security benefits and SSI payments. Social Security benefits will increase by 2.5 percent beginning with the December 2024 benefits, which are payable in January 2025.
Cost-Of-Living Adjustment (COLA) - The United States …
We determined a 2.5-percent COLA on October 10, 2024. We will announce the next COLA in October 2025. Social Security program information. COLA History; How the COLA is applied to Social Security retirement benefits; Effect of the 2.5-percent COLA on average Social Security benefit amounts
Retirement Age and Benefit Reduction - SSA
When considering early retirement, it is important to understand that starting retirement benefits early will reduce your benefit. Use the Retirement age chart to determine your reduction if you begin receiving benefits before your full retirement age.
Application of COLA to a Retirement Benefit - The United …
COLA history. Federal SSI benefit rate. Latest COLA determination. Wage-indexed amounts. General A COLA increases a person's Social Security retirement benefit by approximately the product of the COLA and the benefit amount. The exact computation, however, is more complex.
How much will the COLA amount be for 2025 and when will …
This is the annual cost-of-living adjustment (COLA). By law, federal benefits increase when the cost of living rises, as measured by the Department of Labor’s Consumer Price Index for Urban Wage Earners and Clerical Workers.
SSI Federal Payment Amounts - The United States Social …
Pursuant to Public Law 106-554, however, the COLA is effectively now 2.5 percent.