Cola 2024 Update. Cost of living adjustment (cola) letters, also known as quarterly statements, are informational statements provided to beneficiaries in receipt of a unjspf periodic benefit. With the increase, that would jump to $1,760.30 per month.

Social security benefits will increase by 3.2 percent beginning with the december 2023 benefits, which are payable in january 2024. Additionally, 26% of retired workers surveyed by the employee.