Average Cola Increase 2024. A 3.2% cola for 2024 would increase an average monthly retiree benefit of $1,790 by $57.30, the tscl said. Starting in january, the estimated average monthly retirement benefit will increase by 3.2%, or $59 a month, for 2024 โ from $1,848 to $1,907.
What could cola increase be in 2025? The 2024 cola is based on the 2.85% average increase in the consumer price index (cpi) measured from february 2023 to february 2024 for the los angeles.
