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Increased Benefits for Veterans and Survivors Effective December 2024

This law increases compensation rates for veterans with service-connected disabilities and for survivors of certain disabled veterans. Effective December 1, 2024, these adjustments aim to align benefits with the cost of living, directly improving the financial well-being of beneficiaries.
Key points
Increased disability compensation for veterans: Veterans with service-connected disabilities will receive higher payments starting December 1, 2024.
Increased dependency and indemnity compensation for survivors: Families of deceased veterans will also receive enhanced financial support.
Cost-of-living adjustment: The increases are tied to Social Security benefit adjustments, helping to maintain the purchasing power of benefits.
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Became Law
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Additional Information
Veterans’ Compensation Cost-of-Living Adjustment Act of 2024
Print number: HR 7777
Sponsor: Rep. Luttrell, Morgan [R-TX-8]
Process start date: 2024-03-21