Proposed 2024 Cola Increase

Proposed 2024 Cola Increase. The pentagon on monday proposed a fiscal 2025 budget of just under $850 billion, about 1% more than the department requested for the current year’s budget. Based on current estimates as of september.

But in a quirk of the calendar, social security beneficiaries are likely to miss out on another large improvement to their buying. A cola of 3.2% would raise the average monthly retiree benefit by about $59.