New Cola Increase 2024. For instance, assuming the 2025 cola is 2.6%, the median retired worker in new jersey can expect an additional $54.60 in monthly benefits next year (i.e., $2,100. That adds about $50 monthly to the.

That’s because the social security. Social security benefits and supplemental security income (ssi) payments for more than 71 million americans will increase by 3.2% in 2024.