Social Security Cola 2024 Announcement Date. Those increased benefits will take effect in january 2024 for social security recipients. The social security administration said the increased payments with the 2024 cola for supplemental security income (ssi) recipients began december 29, 2023, as january 1 is a holiday.

The official 2024 social security cola announcement is set for thursday, oct. Those increased benefits will take effect in january 2024 for social security recipients.