Va Benefits Cola Increase 2024
Va Benefits Cola Increase 2024. Each year, the cola increase approved by the department of veterans affairs is the same as the amount approved for social. Veterans and beneficiaries who receive va compensation benefits will see an 8.7% increase in their monthly payments—the largest increase in over 30 years.
Use our compensation benefits rate tables to find your monthly payment amount. 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.