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Mar 6, 2024 · Because of this year's 3.2 percent COLA, beneficiaries can expect a payment of up to $3,600. "This year's increase is aimed at helping veterans keep up with rising prices for consumer goods and ...
- Suzanne Blake
- 50 sec
Veterans set to see cost-of-living increase to their benefits - VA News. A new law guarantees Veterans will receive a cost-of-living adjustment to VA compensation that is equal to the COLA applied to Social Security benefits.
- Mike Molina
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Apr 8, 2024 · About 5 million veterans and 2 million military retirees receive benefits checks each month through the Department of Veterans Affairs. The COLA-increase legislation would apply to payouts for ...
- Leo Shane III
Jan 19, 2023 · The 2022 COLA hike was 5.9%. The adjustment for 2023 means a disabled veteran with a 10% VA rating can expect to see about $13.28 more each month, and a 100% disabled veteran with no dependents will receive $300 more per payment. Learn more online. The VA maintains a full disability compensation table at dav.la/39d.
Jan 16, 2024 · The 2018 adjustment was 2.8%, the highest increase over the previous decade. In 2022 and 2023, COLA shot up 5.9% and 8.7%, respectively. The 2024 adjustment means a disabled veteran with a 10% VA rating can expect a $6 increase, while those rated at 100%, with no dependents, will receive an additional $116 monthly.
May 24, 2023 · In January, the Social Security cost-of-living increase (and the veterans benefits hike) was 8.7%, the highest in 40 years. That reflected higher than expected costs for things like housing costs ...
WASHINGTON – Millions of veterans and eligible family members will see their disability compensation, pension, and survivors' benefits increased as the Department of Veterans Affairs (VA) provides an annual cost-of-living increase for key benefits.
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