Cola 2024 Prediction Challenge. That's because colas are based on third quarter inflation data, so we'll need. Inflation could move higher in q3 this year because of increased.

A 3.2% cola would mean about an extra $54.50 each month. A 3.2% cola for 2024 would increase an average monthly retiree benefit of $1,790 by $57.30, the tscl said.