Please be aware that SSA has announced the 2024 COLA. It is 3.2%.
All certifications done moving forward will have to show this increase starting in January.
So for example, November and December will have the current monthly payment but January-Oct of 2024 will need to add the 3.2% to their monthly payment.
Annual Income Example if SS is $600:
2023 income
Nov and Dec 2023:
$600 x 2 = $1200
2024 income: Jan – Oct
$600 x 3.2%= $19.20
add this to $600
$619.20 x 10 = $6192
Add 2023 and 2024 together:
$1200 + $6192 = $7392
Here’s a link for more info: https://www.ssa.gov/news/cola/
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