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Veterans' Disability and Survivor Benefits Increase to Match Cost of Living.

This law ensures that starting December 1, 2024, compensation paid to veterans with service-connected disabilities and benefits for their survivors will increase. The adjustment will match the percentage increase applied to Social Security benefits (COLA), protecting these payments against inflation. This means higher monthly payments for eligible veterans and their families.
Key points
Automatic cost-of-living adjustment (COLA) for disabled veterans' compensation and survivor benefits (DIC) takes effect on December 1, 2024.
The percentage increase is tied directly to the COLA rate determined for Social Security benefits.
The adjustment also applies to clothing allowances and additional compensation for veterans' dependents.
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Additional Information
Veterans' COLA Act of 2024
Print number: S 4047
Sponsor: Sen. Tester, Jon [D-MT]
Process start date: 2024-03-21