Cola Increase 2024 News Report. But the 2024 cola was much smaller — annuitants received a. The declining rate of inflation points to a significantly lower cola for next year, after the 8.7% cola in 2023 — the highest in four decades.
The 2023 cola spiked at 8.7%, which was the largest annual adjustment in more than 40 years. The cola was 3.2 percent in 2024.