New Cola Increase For 2024

New Cola Increase For 2024. A 3.2% cola for 2024 would increase an average monthly retiree benefit of $1,790 by $57.30, the tscl said. For instance, assuming the 2025 cola is 2.6%, the median retired worker in new jersey can expect an additional $54.60 in monthly benefits next year (i.e., $2,100.


New Cola Increase For 2024

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 moderating consumer. The social security administration announced an 3.2% cola increase for 2024.

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