Midge Susette

Cola Increase 2024 Newspaper. The average social security benefit, as of august 2023, was $1,705.79;  — civil servants will receive a 4.7% salary hike from april 1, the department of public service and administration confirmed on wednesday.

Experts estimate the cola will be around 3.2%, or about $58 a. In 2024, the cola increase for social security beneficiaries is 3.2%.