Va Benefits Cola Increase 2024. With inflation high in 2022 and 2023, veterans have seen big bumps for the past couple of years. According to the latest forecast from the senior citizens league, the 2025 social security cola will be 2.6%, down from this year’s 3.2%.
The 2025 cola estimate has risen all year as inflation remains elevated and above the federal reserve’s 2% target. Va disability rates for 2024 were confirmed on october 12, 2023 (will be finalized on december 1, 2023), with the implementation of the social security.
So For The Recently Approved Cola Increase, Va Disability Benefits Recipients Can Expect To See An Increase In January 2024.
That means the next cola is currently.
Veterans With A 10% To 20% Disability Rating Do Not Receive Additional Compensation For Having A Spouse, Dependent Child, Or Dependent Parent.
Use our compensation benefits rate tables to find your monthly payment amount.
The 2025 Cola Is Expected To Be Somewhere Around 3%, Based On Two Social Security Experts’ Early Estimates.
When va applies the 2024 cola to disability benefits, veterans will see the 3.2 percent increase reflected in their monthly compensation come december.