Social Security Benefit Cola For 2025. Benefits will increase 2.5% this year, the smallest pay bump for seniors since 2021. The estimated average retirement benefit will increase by $49 a month, from $1,927 to $1,976, starting in january, according to the social security administration (ssa).

The social security fairness act was just signed into law by president biden. The social security administration will announce the cola on oct.