Social Security Cola 2024 Increase Percentage Formula

Social Security Cola 2024 Increase Percentage Formula. The formula we use depends on the year of first eligibility (the year a person attains age 62 in retirement cases). That’s less than half of the previous year’s cola increase.

The formula we use depends on the year of first eligibility (the year a person attains age 62 in retirement cases). That’s less than half of the previous year’s cola increase.