Social Security September 11, 2024 6:30 pm What is COLA for Social Security? Each year the Social Security Administration announces a Cost-of-Living Adjustment, or COLA, for Social Security and Supplemental Security Income (SSI) benefits. Here’s what it is and how it is calculated. US & World Videos 1:12 Hurricane Milton makes landfall in Mexico en route to Florida 0:41 Biden pledges federal support to Florida ‘before, during and after' Hurricane Milton 2:07 WATCH: Florida Aquarium moves feathered residents to higher ground 0:58 NASA astronaut shares remarkable view of Hurricane Milton from space 1:21 FEMA counters ‘dangerous' misinformation: We have the resources to respond to Hurricanes Helene and Milton