Scammers are spreading misinformation about a supposed $600 fake Social Security benefit increase in June 2024. Any information regarding such an increase is false and should be disregarded.
The Social Security Administration (SSA) will announce a new Cost-of-Living Adjustment (COLA) in October, if applicable, which would begin with benefits payable in January 2025.
Related posts
https://oig.ssa.gov/assets/uploads/scam_alert_june_600_dollar_cola-6.13.24.pdf
The SSA Office of the Inspector General (OIG) advises the public to be vigilant against attempts by individuals seeking personal information under the guise of assisting with a COLA from SSA.
Inspector General Ennis emphasized that legitimate COLA increases issued by SSA are always automatic, requiring no additional information from beneficiaries. He warned against sharing personal information, as reports of misinformation are often related to scams aimed at identity theft or financial fraud.
For accurate COLA information, refer to ssa.gov/cola.
Social Security Commissioner Martin O’Malley clarified that reports of a $600 payment increase are false and cautioned the public not to be deceived. He assured that SSA is actively addressing these false claims, and no COLA increase will occur until January 2025.
Since 1983, SSA has consistently issued its annual COLA in December. Beneficiaries receive notices directly in early December regarding their benefit amounts for the upcoming January payments. Additionally, My Social Security account holders can view their COLA notice online once the adjustment is announced.
Automatic Cost-Of-Living Adjustments received since 1975
- July 1975 — 8.0%
- July 1976 — 6.4%
- July 1977 — 5.9%
- July 1978 — 6.5%
- July 1979 — 9.9%
- July 1980 — 14.3%
- July 1981 — 11.2%
- July 1982 — 7.4%
- January 1984 — 3.5%
- January 1985 — 3.5%
- January 1986 — 3.1%
- January 1987 — 1.3%
- January 1988 — 4.2%
- January 1989 — 4.0%
- January 1990 — 4.7%
- January 1991 — 5.4%
- January 1992 — 3.7%
- January 1993 — 3.0%
- January 1994 — 2.6%
- January 1995 — 2.8%
- January 1996 — 2.6%
- January 1997 — 2.9%
- January 1998 — 2.1%
- January 1999 — 1.3%
- January 2000 — 2.5% (1)
- January 2001 — 3.5%
- January 2002 — 2.6%
- January 2003 — 1.4%
- January 2004 — 2.1%
- January 2005 — 2.7%
- January 2006 — 4.1%
- January 2007 — 3.3%
- January 2008 — 2.3%
- January 2009 — 5.8%
- January 2010 — 0.0%
- January 2011 — 0.0%
- January 2012 — 3.6%
- January 2013 — 1.7%
- January 2014 — 1.5%
- January 2015 — 1.7%
- January 2016 — 0.0%
- January 2017 — 0.3%
- January 2018 — 2.0%
- January 2019 — 2.8%
- January 2020 — 1.6%
- January 2021 — 1.3%
- January 2022 — 5.9%
- January 2023 — 8.7%
- January 2024 — 3.2%
