Cola Cost Of Living Adjustment 2024 Schedule. Due to inflation, the cola is rising this year, so the 66 million social security beneficiaries will see a higher benefit starting in january of next year. A location code is sometimes required to compute overseas housing allowance (oha) and cost of living allowance (cola).

Eligible retirees, including survivors and beneficiaries who receive a. The cola is based on the percentage increase in the consumer price.