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 2:30 Diddy facing more than 100 new sexual assault allegations 1:33 Vance does not recognize Trump's defeat in 2020 2:38 Vance and Walz present different versions of Jan. 6 2:08 Walz defends the importance of gun control 2:08 Vance and Walz clash on abortion