Social Security Cola 2024 Payment Schedule January. Once that information comes in, the social security administration (ssa) will be able to calculate a cola for 2024. When will the social security cola go into effect?
Social security beneficiaries whose date of birth falls between the 21st and the 31st of their birth month receive their january 2024 payment. A cola of 2.5% will add about $48 to the average benefits check when it arrives in.