Cola 2025 Increase Announcement As Of Today 2025

Cola 2025 Increase Announcement As Of Today 2025. Social security recipients will get a 3.2 percent increase in their monthly payments next year, the social security administration (ssa) announced oct. A 3 percent adjustment would boost the average social security retirement benefit — $1,839 a month in july 2023 — by about $55 a month in 2025.

Cost of living adjustment (cola) letters, also known as quarterly statements, are informational statements provided to beneficiaries in receipt of a unjspf periodic. A 3 percent adjustment would boost the average social security retirement benefit — $1,839 a month in july 2023 — by about $55 a month in 2025.