Social Security Increase 2024 Effective Date. The social security administration said the increased payments with the 2024 cola for supplemental security income (ssi) recipients began december 29, 2023, as january 1 is a holiday. Increased payments to nearly 7.5 million people receiving ssi will begin on december 31, 2024.
Some people receive both social security benefits and ssi). Social security recipients will get a 3.2 percent increase in their monthly payments next year, the social security administration (ssa) announced oct.