Va Benefits 2024 Increase Chart. The latest cost of living adjustment (cola) for va disability benefits took effect on december 1, 2023. July and august 2024 schedule.
The agency, so far this year, has awarded $112 billion to veterans and their survivors in compensation and benefits. When va applies the 2024 cola to disability benefits, veterans will see the 3.2 percent increase reflected in their monthly compensation come december.
For Every $1,000 A Disabled Veteran Receives, Their 2024 Payments Will Be $32 Higher.
Va cost of living increase 2024 chart.
What Follows Are The Estimated Va Disability Compensation Rates For 2024 Based On The Cola Rate Increase Of 3.2%.
This increase is lower than in recent years—5.9 percent in 2022 and 8.7 percent.
Va Benefits 2024 Increase Chart Images References :
2024 Va Disability Pay Charts Are Effective December 1, 2023, Payable Starting January 1, 2024, And Will Increase By 3.2% Based On The New Social Security.
In 2024, disabled veterans and military retirees will receive a 3.2% increase in their monthly compensation benefits from the department of veterans affairs (va).
An Increase In Benefits Claims Driven By The Pact Act Could Leave Va Benefits Accounts $2.9 Billion Short This Year.
This increase is lower than in recent years—5.9 percent in 2022 and 8.7 percent.