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. Local 0:37 Ex-Abercrombie CEO arrested on sex trafficking-related charges 9:07 Selena Gomez and Benny Blanco's sweetest moments 0:39 One-eyed Virginia opossum named Basil welcomed to National Zoo 2:13 Real-life ‘Karate Kid' meets his inspiration 2:12 What to expect in court as Trump faces 2020 election charges in DC