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Increased Compensation Rates for Disabled Veterans and Survivors Effective December 2023

This law mandates an increase in compensation rates for veterans with service-connected disabilities and Dependency and Indemnity Compensation (DIC) for survivors. The increase takes effect on December 1, 2023, and matches the cost-of-living adjustment (COLA) applied to Social Security benefits. This change directly boosts the monthly financial support for disabled veterans and their families, helping them manage inflation and daily expenses.
Key points
Benefit Increase: Compensation rates for disabled veterans and DIC rates for surviving spouses and children are raised.
Effective Date: The increase is effective starting December 1, 2023.
Adjustment Mechanism: The percentage increase is tied to the same cost-of-living adjustment (COLA) determined for Social Security benefits.
Affected Payments: The increase applies to wartime disability compensation, additional compensation for dependents, and the clothing allowance.
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Additional Information
Veterans' COLA Act of 2023
Print number: S 777
Sponsor: Sen. Tester, Jon [D-MT]
Process start date: 2023-03-14