Cola 2024 Increase Announcement As Of Today Announcement. Social security benefits and supplemental security income (ssi) payments for more than 72.5 million americans will increase 2.5 percent in 2025, the social security administration announced today. Cpi is determined by the bls and, by law, it’s the official measure used by calpers to calculate cola.

Because this average exceeds 301.236. Washington (ap) — millions of social security recipients will get a 3.2% increase in their benefits in 2024, far less than this year’s historic boost and reflecting.