Social Security September 11, 2024 5:30 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. Local 0:59 Garth Brooks accused of rape in new lawsuit 1:07 Los Angeles authorities reviewing possible resentencing for Menendez brothers 1:07 US dockworkers agree to tentative deal, ending strike 1:08 3 officers convicted in Tyre Nichols fatal beating 1:59 Death toll increases in Lebanon as Israel expands aerial and ground offensive