Social Security September 11, 2024 3:30 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 1:06 One dead, others injured in equipment malfunction at Colorado tourist mine 4:19 World Of Pink helps breast cancer survivors feel beautiful 0:50 Sean ‘Diddy' Combs' trial on sex trafficking charges scheduled for May 2025 0:16 Video shows Coast Guard rescuing man clinging to cooler in the Gulf of Mexico 0:47 Florida sheriff's office rescues trapped citizens from Hurricane Milton floodwaters